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To: Trader X who wrote (9556)11/11/1997 1:19:00 PM
From: bob wallace  Respond to of 17305
 
Well, Kevin,

I don't have enough personal experience to have an original personal opinion on the situation.

But immediately after the one two punch of the 27th/28th Wodren Bros produced an analysis to the effect that there could not be a sustainable rally until the lows of 27/28 were tested.

to determine if a test was forth coming, the suggested we look for a drying up of the volume and the markets becoming dull, dull, dull

Well, I think we have acheived a low volume dull market. I get the feeling Patrick has been nodding off at his terminal.

I wouldn't think that any sort of a rally today on low volume would be meaningful; conversely, a plunge at the close on low volume would.

JMO

Bob



To: Trader X who wrote (9556)11/11/1997 1:43:00 PM
From: Patrick Slevin  Respond to of 17305
 
Trying to wake up...here's a sentiment indicator, and more neato charts

lowrisk.com

I have been to bored to tell them my prediction for a few weeks, though I had come within a close range both times I entered. Anyway, as you can see, the sentiment seems marginally more bullish now than early September.

The host site is

lowrisk.com

The neato charts (only kidding, I hate these damn things but I gotta mention 'em)

lowrisk.com



To: Trader X who wrote (9556)11/11/1997 3:22:00 PM
From: bob wallace  Read Replies (1) | Respond to of 17305
 
So, Kevin,

now that the market is nodding off into the close, and market internals are getting worse by the minute, what do you anticipate next?