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--- In realtraders@xxxxxxxxxxxxxxx, "Brad Cline" <bradcline@xxxx>
wrote:
> eeneey meenee minee mo... :-))
I know. I was waiting for a comment like that.
But watch the TLs: +/- 1 point on the SPX trend line
near the 1061-62 high and the 1074 high....along with
nice hourly A-D divergences. The bottom TL hasn't been
as tight, but it's worked too.....so far. You need a
means to confirm, but I've said too much already.
BTW, Brad, what do you think these days? I fished out
your last call:
http://groups.yahoo.com/group/realtraders/message/22799
FWIW, I saw resistance near 960-975 too; turned into nice support.
Opinions are like XXXXXs, everybody's got one.
> ----- Original Message -----
> From: tradewynne
> To: 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
dating
> back 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
inside
> the lines <g>. As big wave surfers say, "everything is OK until
> something goes wrong." IOW, no worries until someone gets killed.
> Anyway, it makes sense to me to watch how the market acts around
> those TL's. Wedges often can lead into *either* accelerations or
> sharp breaks or they persist a while longer....but sooner or later
> someone 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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