|
PureBytes Links
Trading Reference Links
|
Attached is a 103 year chart of INDU. It more
clearly shows the time frame within which I believe the current "4 year" bear
channel operates.
With respect to Ira's observation that an horizon
greater than 4 years is bullish, I would note the chart suggests the figure
should be 15 years, more or less, measured from 2000.
FWIW
Tony Pylypuk
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Ira
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, November 17, 2003 2:51
AM
Subject: Re: [RT] INDU
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. <FONT
face="Times New Roman" size=3>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
To unsubscribe
from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
To unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
indu 103 years.gif
Attachment:
Description: "Description: GIF image"
|