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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (11653)	8/29/2001 8:24:46 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Your recap is "post of the day" material...have fun on the trip...we'll keep the light on for ya'..

To: AllansAlias who wrote (11653)	8/29/2001 8:39:51 PM
From: The Freep	Read Replies (3) \| Respond to of 209892

First off, nice post. Secondly, don't forget the market is closed on Monday. One less day for "them" to ramp it up for ya. I was just mulling things over with a trader pal of mine, and just for the sake of conversation, let me throw out one thing we talked about. One scenario we really hadn't seen anyone talk about was a crash/fast decline right here (and beginning of Sept, too, perhaps) followed by a surprise September rally (and the oft talked about October fall). It makes no sense on a fundamental level, sure. But like Allan had said about buying a big wedge break down with a fear spike. . . well, we could see that happen as early as tomorrow even. Yeah, I know the VIX is low, but the directional move and % move of the vix might be more telling. And the COT report on Friday might give a hint as to whether this is a real breakdown or the start of the end (pre-bounce). I'll be the first to admit that I won't be buying anything tomorrow unless we get a truly drastic put/call or vix spike. And I sure have no reason to think that this scenario will come to pass. I could see a continued bleed down through early October, frankly, as earnings warning season already has started (AMD, IDTI, and SUNW among the many today alone). And I sure can't see the start of any C up here. But I wonder if there might not be one more attempt to rally this sucker and suck in one last round of money under the "it can't get worse!" pretense? Maybe no one's buying that line anymore? Guess I'll know in a month or so. the freep

To: AllansAlias who wrote (11653)	8/29/2001 10:53:08 PM
From: Berney	Respond to of 209892

AA, That was a fantastic analysis. No further comment needed!!! Thanks for all your efforts. Berney

To: AllansAlias who wrote (11653)	8/30/2001 8:24:40 AM
From: UnBelievable	Read Replies (3) \| Respond to of 209892

It Seems You Are Becoming Somewhat Of A RUMX Expert <gg> & <ng> As you are aware INDU is the most easily manipulated Index. Without even pretensions of being market capital weighted, and with some of the relatively overweighted stocks having relatively low daily floats (CAT is not one of the favorites of the trading set) it is the index which the Banksters use to show J6P things are not that bad. So when RUMX goes ....