Gersh; RE:" hour traders "
>Perhaps we could fill a room with thirty or 40 on line computers, set one hyperactive child in front of each monitor, call it a video game and use the output consensus to trigger buy/sell programs...
Sounds kinda like the TechStock Options sandbox (^_^)
>Slopes .. real damage has been done to the 200 (calander) day S&P500 simple moving average slope...
Gersh, your recent work (with slopes) is very interesting - indeed. I've seen some sharp drops before, but not one that persisted for 1,000 DOW points without managing a +3% bounce-rally (until now). We've tested that ~1060 line four times now - even more tests on an intra-day basis - and some big money has come in at that level to grab BlueChips every time so far. I sure hope that we have buried that July DownTrend; even so, the April DownTrend says that growth will be narrowly focused.
>Just in case you haven't seen this about next week:
Message 5531646
Involves Japan, Yen, banks, US bonds, probable drop in the value of the dollar...
yeah - would hate to see the BOJ system tank, Gersh...
Message 5534094
biz.yahoo.com
Quite a divergence now between the Yen/USD and the TYX.X bonds; something's gotta give. Bondz have hit the chart target of 5.45% and look short-term over-bought.
-Steve |
