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Strategies & Market Trends : Ask DrBob

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To: FLACK who wrote (20139)	1/11/2001 11:39:33 AM
From: eichler	Read Replies (2) of 100058

Hiya Flack, How 'bout an early entry for the Guess The Close Game.... In keeping with my opinion that we have very likely seen an IT bottom; that we will be seeing a break of the downtrend for compx, and looking at the market from a diabolical angle, I will guess 2645 as that appears to be around the point of the downtrend break and on the 30 EMA (something I watch). The significance to me would be that shorts will be happy and confident to short on the downtrend line (not believing we should even have got that high) and longs will have hope and fear in full swing. In other words, a perfect scenario to screw over the most amount of traders. A strong possibility to burn shorts with a break of the trendline, and a strong possibility to burn longs should we get repulsed by that same line. A close right there will give traders a perfect opportunity to let hope and fear run amuk overnight for the fun the next day. I'm also hoping they don't let this thing get away....ie too much too fast. Nice and slow advance will keep the rally alive longer IMO. Eichler Sheesh, can I get any more long-winded making a guess of the close? GGG 2645 in case it got lost in there somewhere!

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