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That 21 day p/c ratio does appear to have
value. This p/c data is what comes off of the dtn sat feed symbol name =
PCRATIO.
bobr
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Alex Bell
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">Ray Raffurty
Sent: Monday, May 05, 2003 8:02 AM
Subject: Re[4]: [RT] sp 500
Hello Ray,Thanks. I never
was and never be initiator or supporter of
uselessdisputes.As for opinions. Although based on other type of
research this time myopinion is similar to Ben's: market is
probably nearing to long termtop. This is based
on extremely high adv. line & vix
readingsapproaching to its low channel
& low average p/c ratio
alsoapproaching 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 higherthan it was on major
historical bottoms after major bubbles.Best
regards,Alex
mailto:alex_bell@xxxxxxxMonday, 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 appreciateRR> it if you drop this discussion.RR>
Thanks in advance,RR> Good luck and good trading,RR> Ray
RaffurtyRR> ----- Original Message -----
RR> From: Alex Bell RR> To: Adrian Pitt
RR> Sent: Monday, May 05, 2003 10:12
AMRR> Subject: Re[2]: [RT] sp
500RR> Hello Adrian,RR> I do
know "that part of the business is taking losses" so what? I
knowRR> a lot other nonsenses of such a
type.RR> I asked a question about Ben's strategy.
Yes, I was short. Not on theRR> advice of others but
according to my own rules and views on market. OnRR>
daily I am using strategy based on market breadth and other
internalRR> statistics. I never use
what I don't understand (and I
don'tRR> understand how Ben's tools
work).RR> And believe or not I am not interested
to hear your assumptions aboutRR> my
intentions.RR> Best regards,RR>
Alex
mailto:alex_bell@xxxxxxxRR> 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 toRR> AP> know where
your exit point was? I would hope that your not trying to
beRR> AP> subtle by blaming Ben for your loss. If you
were a professional traderRR> AP> you'd know that part
of the business is taking losses, but as I suspectRR>
AP> your trying to poo poo someone else voluntary help to this list I
wouldRR> AP> actualy suggest you're a poor loser.
I'm sure most on this list nor theRR> 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
questionRR> AP> would have be answered about as clear as
anyone 1st grader could askRR> AP>
for.RR> >> -----Original
Message-----RR> >> From: Alex Bell
[mailto:alex_bell@xxxxxxx] RR> >> Sent: Monday, 5 May
2003 8:21 PMRR> >> To: none RR>
>> Subject: Re: [RT] sp 500RR> >>
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, AlexRR> >>
mailto:alex_bell@xxxxxxxRR> >> RR>
>> RR> >> Monday, May 5, 2003, 8:09:38 AM, you
wrote:RR> >> RR> >> n>
HelloRR> >> 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
carefulRR> >> n> BenRR>
>> n> home of the perfect stop lossRR> >>
n> profitok@xxxxxxxxxxxxxRR> >> 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
sessionRR> >> n> sell short is at
917RR> >> n> add to shorts at
912.2RR> >> RR> >>
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/zMEolB/TMRR> >> RR> >>
RR> >>
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