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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (64038)	5/26/2002 11:59:14 PM
From: robert b furman	Read Replies (2) \| Respond to of 70976

Hi G, I see what you see also. I'm a little concerned that Chaikin MF is negative. Both periods are having a close touch between +DI and -DI and ADX itself could (and probably is)be in a dip that will lead to a longer term uptrend). It definately is a comparable period - I'm glad I'm not the only one who sees this - You've been studying you rascal.gg Here's what I'm thinking is the key : It's not an arbitrary number - it is where institutional support comes in to prop up this future winner. Notice how it all came together when price actually touched on the Lower weekly BB. This really plays into my anticipated format that PROVES it is a safe play to get aggressive on this: The best entry point(as far as price is concerned) is the 12.11 low.This is still a buy when you are "catching a falling knife"-not a time to bet the farm.But if this is associated with a VIX spike - that's good enough for me to do 25-50% of my purchasing power. Note how it took 4 weeks later and another dip (at a higher price ) occurred and it then hit the BB.That's a good sign.This I bet is a double bottom that shows positive divergences. I'll go back in TC2000 and double check that. G, if you are able -please confirm what was vix back at that low dip to 12.11 - I can't go back on the daily -I'm running on just the free data.It would be great to know what level of VIX happened back then!?. Notice how the BB is rising - then plateaus horizontally - allowing the dip to catch down to it - I'm thinking this dip featured institutional accumulation and contrary to the noise be fed the lemmings - price didn't get killed and in fact was very soon on its way higher. If day 26/27 is already occurred we've got 1-2 weeks for a vix spike ,which will coincide with the best buy(lowest price 12.11?). The real time to bet the farm will be when we see positive divergences in BOP,TSV and moneystream as price doesn't dip as hard as before.That will signal BIG MONEY at work. Then my friend - it will be time to bet the farm !! GULP. Thanks for sticking with my thought process - I really do think it may repeat.gg See how easy it is.<VBG> Bob