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Re[4]: [RT] sp 500



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Hello Ray,

Thanks.  I  never  was  and never be initiator or supporter of useless
disputes.

As for opinions. Although based on other type of research this time my
opinion  is  similar to Ben's: market is probably nearing to long term
top.  This  is  based  on  extremely  high  adv.  line  & vix readings
approaching   to  its  low  channel  &  low  average  p/c  ratio  also
approaching  to  its  low  zone  about  0.7 (I am using 21 ma on it) &
fundamental  considerations  -  S&P p/e ratio is still ~2 times higher
than it was on major historical bottoms after major bubbles.

Best regards,
 Alex                            mailto:alex_bell@xxxxxxx


Monday, May 5, 2003, 6:33:11 PM, you wrote:

RR> Gentlemen,

RR> As you both know on of the surest was to be removed from this list is to get into a useless dispute with one another.  Since I (and perhaps others) value both of your opinions, I would appreciate
RR> it if you drop this discussion.

RR> Thanks in advance,

RR> Good luck and good trading,

RR> Ray Raffurty


RR>   ----- Original Message ----- 
RR>   From: Alex Bell 
RR>   To: Adrian Pitt 
RR>   Sent: Monday, May 05, 2003 10:12 AM
RR>   Subject: Re[2]: [RT] sp 500


RR>   Hello Adrian,

RR>   I do know "that part of the business is taking losses" so what? I know
RR>   a lot other nonsenses of such a type.

RR>   I  asked a question about Ben's strategy. Yes, I was short. Not on the
RR>   advice of others but according to my own rules and views on market. On
RR>   daily  I  am using strategy based on market breadth and other internal
RR>   statistics.  I  never  use  what  I  don't  understand  (and  I  don't
RR>   understand how Ben's tools work).

RR>   And  believe or not I am not interested to hear your assumptions about
RR>   my intentions.

RR>   Best regards,
RR>   Alex                            mailto:alex_bell@xxxxxxx


RR>   Monday, May 5, 2003, 4:38:29 PM, you wrote:

RR>   AP> Alex,

RR>   AP> Does this mean you took a position on the advice of others and failed to
RR>   AP> know where your exit point was?  I would hope that your not trying to be
RR>   AP> subtle by blaming Ben for your loss. If you were a professional trader
RR>   AP> you'd know that part of the business is taking losses, but as I suspect
RR>   AP> your trying to poo poo someone else voluntary help to this list I would
RR>   AP> actualy suggest you're a poor loser.  I'm sure most on this list nor the
RR>   AP> moderator would appreciate that kind of input.

RR>   AP> Regards,
RR>   AP> Adrian.

RR>   AP> Ps....If you had even bothered to read his email your last question
RR>   AP> would have be answered about as clear as anyone 1st grader could ask
RR>   AP> for.

RR>   >> -----Original Message-----
RR>   >> From: Alex Bell [mailto:alex_bell@xxxxxxx] 
RR>   >> Sent: Monday, 5 May 2003 8:21 PM
RR>   >> To: none 
RR>   >> Subject: Re: [RT] sp 500
RR>   >> 
RR>   >> 
RR>   >> Hello Ben,
RR>   >> 
RR>   >> Does that mean that previous short position (initiated 1-2 
RR>   >> days ago if I  remember correctly) suggested by your tools 
RR>   >> was covered for a loss? If yes at what level?
RR>   >> 
RR>   >> And what criteria to open next short?
RR>   >> 
RR>   >> Thanks, Alex
RR>   >> mailto:alex_bell@xxxxxxx
RR>   >> 
RR>   >> 
RR>   >> Monday, May 5, 2003, 8:09:38 AM, you wrote:
RR>   >> 
RR>   >> n> Hello
RR>   >> n> this market is stronger than I expected,
RR>   >> n> And, I can see it in  1-3 days we could close above 940 or 
RR>   >> at least  
RR>   >> n> hit 945  intra day high, that should prove as  a INTERMEDIATE  top 
RR>   >> n> and  the next  price objective is  840 all  3 tools I use 
RR>   >> suggest  a  
RR>   >> n> major top be careful
RR>   >> n> Ben
RR>   >> n> home of the perfect stop loss
RR>   >> n> profitok@xxxxxxxxxxxxx
RR>   >> n> (which suggest the following levels)
RR>   >> n> if you are long  your stop is at 921.1 for overnight 
RR>   >> session, and going up  4 points per hour in the day session
RR>   >> n> sell short is at  917
RR>   >> n> add to shorts at  912.2
RR>   >> 
RR>   >> 
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