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eeneey meenee minee mo... :-))
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=tradewynne@xxxxxxxxx
href="">tradewynne
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, December 05, 2003 8:31
AM
Subject: Re: [RT] The Market
environment
> And if I had to bet $1 on where we go from here - a
melt-up, a melt-down or neither, I'd put in on 'neither'.How about
'either'? There's a pretty tight wedge that's formed datingback to July.
The rising upper trend line is near 1075, and the lower is above 1040. As
long as it stays inside the lines, it stays insidethe lines <g>. As
big wave surfers say, "everything is OK untilsomething goes wrong." IOW,
no worries until someone gets killed.Anyway, it makes sense to me to watch
how the market acts aroundthose TL's. Wedges often can lead into *either*
accelerations or sharp breaks or they persist a while longer....but sooner
or latersomeone gets killed by a surprise wave.--- In
realtraders@xxxxxxxxxxxxxxx, "Bobh" <BHEISLER@xxxx> wrote:> Since
we are in a post-bubble, transitional market I'm wondering if this
comparison is applicable now. It reached single digits back in the
early 1990's and I wouldn't be a bit surprised if we saw those levels
again. > > I don't disagree that this market looks like an
accident waiting to happen, but it's looked this way since June. And
if I had to bet $1 on where we go from here - a melt-up, a melt-down or
neither, I'd put in on 'neither'.> > > ----- Original
Message ----- > From: EarlA > To:
realtraders@xxxxxxxxxxxxxxx > Sent: Friday, December 05,
2003 8:00 AM> Subject: Re: [RT] The Market
environment> > > Attached chart marks off 7
years of SPX vs VXO (old VIX). Note the 3 heavy red arrows marking extreme
low readings w/o 7/24/98, 9/8/00 and current.> >
Earl> ----- Original Message -----
> From: SLAWEKP@xxxx
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Thursday, December 04, 2003 11:48
PM> Subject: Re: [RT] The Market
environment> > > VIX is in
rare Fibo window cycle for low between now & Monday Dec
8th.> > low for VIX = high for
SPX> > Weekly Broker index is
topping......this is also leading indicator>
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