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To: AllansAlias who wrote (6502)7/8/2001 2:02:40 PM
From: Lucretius  Read Replies (1) | Respond to of 209892
 
what are you boys looking for next week?



To: AllansAlias who wrote (6502)7/8/2001 2:04:06 PM
From: JRI  Respond to of 209892
 
Here's a guy after your heart....old points...but a good "chant" to do during trading day....THE BIGGER PICTURE (warning: a bit wordy)

Message 16044346



To: AllansAlias who wrote (6502)7/8/2001 2:08:53 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
Rydex update for Friday...interesting (reading, and reading between lines of J.T.'s comments)....it would support a 5th wave down on Monday, and a sharp 2.....Looks like J.T.'s looking for more up (after that)...but don't wanna read too much into his comments.....

Message 16041600



To: AllansAlias who wrote (6502)7/8/2001 2:26:30 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
One Problem With The Ameritrader Data Is

It only includes those trades that are currently being made.

The ever changing sample set makes interpreting the statistic problematic. The ratio does not take into account those people who previously would have bought the dip in the past but did not this time.

If historical data about the number of traders or trades that were included when the indicator was first published could be determined, as well as the number each day, and then the index as the percent of traders who bought out of those who could have bought (including the non trades as non buys), the statistic would have usefulness.

As is I think that the only thing we can conclude with certainty from the current index, is that as long as there are buyers the bottom is not in.



To: AllansAlias who wrote (6502)7/8/2001 3:06:34 PM
From: John Madarasz  Read Replies (2) | Respond to of 209892
 
always a pleasure to contribute here, thanks for the chart.

I think I can say distribution...can you say distribution too?<gg>

I count 5 days again so far in the last 4 weeks on compx, starting with the June 14th session of down days on higher volume than the previous session...a serious warning signal dictating a defensive posture.

stockcharts.com[w,a]daclnymy[db][pc5!c21!f][vc60][iUb14!La8,17,9!Lf!Lh5,5!Li5,5!Lg!Lc20]

successively lower volumes on each rally as well with exception to the latest lower high <g>

OTC and NYSE bullish %'s remain on sell signals both short and longer term

Wildly bullish counts and exhortations to buy into them only re-affirm what I believe is still to high a level of intermediate to longer term complacency.