Re from a few months ago I think--sounds about right: -- ERG trade data forum

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, [7] ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 18:27:40 02/12/03 Wed
Author: Dow analysis from Satay King--I think Rolo's support area
Subject: Re from a few months ago I think--sounds about right:
In reply to: U.S. FUTURES & MARKETS INDICATORS 's message, "Re: U.S. at approx 01:03 pm, 13 February 200313/2/03" on 18:08:31 02/12/03 Wed

Name: SatayKing
Location: Canberra, ACT God's own
Date: 2/13/03 10:48:26 AM
Subject: CPH: Rule of 72
Comments:
CPH. Seems that holding very boring stocks, as this one has been described, is starting to pay dividends (pun intended). Thank you Kerry & Son.

The more important use of the Rule of 72 is to divide it by the rate of inflation (Headline or TMUI if you can find it)to determine how many years it will take at the specified rate for the purchasing power of your $ to halve.

Now get back to work you lazy sod, SK.

Regards

SK
Name: Sing
Location: Nowra, NSW Australia
Date: 2/12/03 1:56:24 PM
Subject: Dow triple bottom...Sabretoothed and Gogetter
Comments:
Of course the triple bottom pattern is only confirmed retrospectively, ie on breakout, so we won't know until/if this happens. Using a ranging weekly price display, such as candles, the triple bottom at around 7500 looks more likely than if just using the closing prices. Lows at July and Oct 02 and (if)Mar 03.

If you look at the OBV and RSI, the patterns mirror the index lows on July/Sept 02. The index is currently being dragged down kicking and screaming, which is bullish, and which lends weight to the fact that it could bounce off 7500. Triple, or double bottom depending on how you view it. The breakout above 9000 is what we want!

Mr Greenspan today was NOT of the opinion that geopolitical fears were masking any lack of possibility for the US economy to grow, indeed he predicted a slight increase in GDP growth.

Some basic precursors are there for a bounce, and test of the 9000 resistance, but that is NO guarantee that it will happen.

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

Re: at approx 2:23 pm, 13 February 2003 Oz time -- U.S. FUTURES & MARKETS INDICATORS, 19:27:23 02/12/03 Wed