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Thanks, John.
I have a blunt mechanical system for following the trend so it keeps me away
from acting on my poor skills at predicting markets ... am fascinated by the
various methodologies and perspectives I see and hope some will make a
difference in the ole gray matter.
n
----- Original Message -----
From: <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <nnandra@xxxxxxxxxx>
Sent: Wednesday, September 24, 2003 10:28 PM
Subject: Hurst 4 chart/Unnoticed thoughts
> Dear Nav,
>
> And here I thought it would go un-noticed. The way I see Mr. Market is:
>
> 1. Market internals are not judged on one days action. Even today of the
> 13 sectors most watched, 5 were in the green and 7 in the red. I just find
> it curious to see a possible top post so close to a market drop.
>
> 2. The sectors 5 days ago were 12 in the green and just 1 in the red.
>
> 3. All of the sectors are well above their 50 day EMA.
>
> 4. I have not met any Hurst Made Millionaires yet...facetious though it
> may be. Every prediction I have seen is always "possible" or "could do
> this" or could do that". Please do not take offense. I let you who believe
> have your say.
>
> 5. 43 CANSLIM Breakouts ain't hay on such a day.
>
> 6. Take a look at the Dow stocks that led the move down...due for a
> correction in my opinion.
>
> 7. Second term of first year President has seen an average 32% gain. We
> are not there yet...and the economic impetus have not been felt yet.
>
> 8. Unemployment has not started its eventual decline yet. When it does the
> market will peak further and choke up later. If you recall, unemployment
> at one time in the not too distant past was 13%.
>
> 9. Government deficit is but a fraction of what it has been relative to
> past GDP per cents.
>
> 10. The penny stocks and the public craziness has not even started.
>
> 11. People are still afraid to call this move that started around March as
> a Bull move...preferring to call it a Bear Trap.
>
> 12. I could give mucho added reasons, but what the heck I am tired and Ben
> said it best. Wait until October.
>
> Bottom line is I am techno-fundamental and when the fundamentals do not
> jive with the technicals or vice versa, I am not a believer. I said we
> would "rock after Iraq" and when its time to stop, I don't think I will
> need a chart alone to tell me.
>
> But keep in mind, I am hedged with over 50% in cash...so when I see a
> stock like WM at a bargain, I can pick it up. There are a lot more on my
> watch list.
>
> Sincerely,
>
> John
>
> > John,
> > Can't let a post like that go unnoticed! What are the possibilities you
> > see "Mr. Market" making and why?
> > Navtej
> >
> > ----- Original Message -----
> > From: <jvc689@xxxxxxx>
> >
> >
> >> Dear Rhonda,
> >>
> >> I too enjoyed your post and chart. Also the use of "possible high for
> >> the year" makes it a pretty safe call.
> >>
> >> On that basis, I think the possible high for the year may not have yet
> >> been seen. We will let Mr. Market tell us.
> >>
> >> I would not be selling short just yet.
> >>
> >> Sincerely,
> >>
> >> John
> >>
> >> > Great work, much appreciated.
> >> > n
> >> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
>
>
>
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