Re: [RT] INDU

["Ira" <mr.ira@xxxxxxxxxxxxx>]

I think it is time to things in perspective.  
Is this a bear market?  It depends how you define a bear market.  Have 
a lot of people lost a lot of money?  Yes.  Have a lot of people made 
a lot of money?  Here is a weekly chart.  If this was a stock you 
would consider this just a 50% retracement of a bullish move from the 1994 
low.  How much of a retracement from the '87 low?  or the '74 
low?  It is all in the way you look at things.  On a monthly chart the 
high in 2000 and the low in '03 were both targets.  Are there targets 
higher?  Yes.  Are there targets lower?  Yes.  But on 
different time frames.  So whether this 
is a bull or bear, whether it will go higher or lower is strictly dependent upon 
where you view the picture.    If you have a 4 year horizon or 
longer, this is nothing more then a retracement in a long running bull 
market.  If you are looking at 4 years and shorter you are in a bear 
market.   So when you refer to bull or bear, up or down, please 
reference the time frame you are talking about.    
On the daily chart we have hit targets and can look for a retracement of this 
move up from the March 10 and July 1 lows.  Right now there is no sell 
signal, just an exit scenario.  I have no Entry Point for a down trade as 
yet on the daily chart or the 60 min.  The 15 min. and 3 are different 
stories.  So if you express an opinion, please reference it.  Thank 
you, Ira.  ---- Original Message ----- 
<BLOCKQUOTE 
>
  <DIV 
  >From: 
  Mark Simms 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Sunday, November 16, 2003 9:30 
  PM
  Subject: RE: [RT] INDU
  
  Uh.....we've 
  been outside of either bullish channel for almost 18 
  months....
  I think the 
  time alone invalidates any continuation of the "old" bull 
  trend.
   
  <BLOCKQUOTE 
  >
    <FONT face=Tahoma 
    size=2>-----Original Message-----From: Tony Pylypuk 
    [mailto:tpylypuk@xxxxxxxxxxx]Sent: Sunday, November 16, 2003 9:21 
    PMTo: RealTradersSubject: [RT] 
    INDU
    Attached is a chart of the DJIA.  
    
     
    Every bit of recent news is bullish.  The 
    chart may suggest another interpretation.
     
    FWIW
     
    Tony Pylypuk
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