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To: The Freep who wrote (72640)5/2/2003 4:18:46 PM
From: The Freep  Respond to of 209892
 
FWIW, to those who care, I'm gonna be scarce for a few months after today. Freeplet is out of "school" as of today. Freeplet2 is home and doing stuff like smiling. And Mrs Freep is home til mid-July (also doing stuff like smiling). It's family time!

Though I think we're near at least a short term high, and potentially more, and I'd love to participate here, priorities are priorities. I'm sure I'll pop in between now and mid-July, cuz I've NEVER been quiet for that long.
I do plan to try some puts next week, though I still don't know if it's for a BIG turn or just a decent retrace. In either case, I'm glad I've waited til now... no doubt, in part, to folks on this board.

the freep



To: The Freep who wrote (72640)5/2/2003 4:23:33 PM
From: skinowski  Respond to of 209892
 
I posted this "eyeball Tick indicator" a while ago. Focus on the space between the 900 and 1000 lines (and beyond), both on the positive and negative ends of the spectrum on this daily chart. Obviously, the number of days with extremes in the plus far outweigh the days with selling panics.

ttrader.com

Going back to the years of the bull, the opposite was generally true, albeit less consistently. People used to get scared more easily.



To: The Freep who wrote (72640)5/2/2003 4:24:54 PM
From: Shack  Respond to of 209892
 
Not at all, the MA is still crawling along the upper boundaries. Again, it is not a precise timer Freep which is unfortunate. But once it hits the levels we saw on April 23 or so, there is little risk of a meltup. From what I have seen in the past with this indicator, we are likely within 100-150 points of a DOW top. The price high that day was 8526 and today we closed 56 points higher than that.

Also a reminder THIS IS ONLY FOR NON-TECH!