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To: isopatch who wrote (92383)7/17/2001 12:00:13 AM
From: bobby beara  Respond to of 95453
 
iso, i think we may be in least a st/it selling climax on osx today or tomorrow, that would yield a good rally.

that is backed up by rsi and elliot counts that show the osx is in the fifth wave from may 21st high,

what most deflationery bears should take a good look at is the 10/30 year bond yields which are not crashing like 97-98, while the 13 week bills have gone below the 98 lows (in yields)

the CRB has a big H&S pattern of the 98 lows, with a band of support around 200,

are we headed for a deflationery collapse like 98 (or worse),

thats possible, but not without a fight.



To: isopatch who wrote (92383)7/20/2001 3:26:37 PM
From: bobby beara  Read Replies (1) | Respond to of 95453
 
So, iso - not a bad call on that selling climax aay -g-

sometimes i get lucky.

check out the huge amount of volume that has been happening at the bottom, this one has a particularly neat chart with a giant volume long tailed doji (accumulation) a couple of days ago, now followed today by a white candle, if it closes here it will be a morning star.

stockcharts.com[l,a]daclyimy[da][pb50!b200][vc60][iUb14!La12,26,9]

the weekly volume looks like it's gonna be about 10-20% higher on this one than the selling climax in october.

today's volume on that one isn't all that hot though, i'm not gonna sell yet.