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I can't take credit for that comment. I don't use comments
like that on public forums. At the time I did have resistance levels at those
mentioned areas, but had to adjust my outlook when they were penetrated.
I have had 1078 to 1093 in my sights for some time. They are both MM
lines. If 1093.75 goes then 1125 becomes my next target. I look for the
market to keep moving up till Feb. 04. Some simple symmetry from the
June 17 high. Nov. 7 high is 101 days from the June 17 high. The Nov. 21st low
is 101 days from the July 1st low. the Dec. 3 high is 100 days from the July 14
high (S&P). Dec. 22 will be 100 days from the July 31st high (DJ). So
December 22 is my next focus date. Who knows what we will be doing then. There
are too many scenarios to try and put them all down till we get
closer. Looking into my crystal ball I am seeing a low :-))
I am short against the Dec. 3 highs for now.
Brad
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=tradewynne@xxxxxxxxx
href="">tradewynne
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, December 05, 2003 11:21
AM
Subject: Re: [RT] The Market
environment
--- In <A
href="">realtraders@xxxxxxxxxxxxxxx,
"Brad Cline" <bradcline@x...>
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 linenear the 1061-62 high and the 1074 high....along with
nice hourly A-D divergences. The bottom TL hasn't beenas 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
outyour last call:<A
href="">http://groups.yahoo.com/group/realtraders/message/22799FWIW,
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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