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Strategies & Market Trends : today's chart

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To: Linda Kaplan who wrote (1058)10/13/1998 9:16:00 AM
From: gonzongo  Read Replies (1) of 1267
 
I call your attention to the following OEX chart- it goes back to 11/90- although I could not get the dates to show-I have placed a stochastics 55-21-5 on the bottom-note how the lows on this tend to match the bottoms of markets going back these 8 years depicted- I think the problem you are having is that IMO Claud uses a longer term perspective when discussing charts- he often uses weekly information. I cannot argue with you when you say we should see another leg down- however the attached chart seems to show that we have potentially neared a bottom. Mind you I am not predicting.
Claud btw is a personal friend- I have met him twice along with his dear wife- even though we live 1000 miles apart-he is one of the real gentlemen I have met in life.

I know for a fact that he is not presenting his ideas to be glorified but to give another point of view for people to ponder. Unfortunately- cyberspace is a place where the strong willed person can behind their screen try to be as pushy as they want. You should consider that in all aspects of your life. You are a bright person and what I have found in life is that kindness often loses but it wins in the end.
People are dying all over the world being massacred by despots-disease, etc.
Today's charts was meant to be a haven from this hell of a world where we could discuss different thoughts without calling each other "dead-wrong" etc.
I have no intention to prove you wrong. I wish you well and hope you can be as successful as folks like Claud.

gonzongo
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