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Strategies & Market Trends : MP - Market Pulse

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To: Zeev Hed who wrote (87)	6/24/2001 12:12:01 AM
From: HairBall	of 1328

Zeev Hed: Looking at your forecast, I am not going to disagree with your price targets. I don't know... However, in order to drop to 1850 before 7/4 the price action will have to accelerate dropping below the 5/22 FTC. I don't see what you’re using to target 1850. I see your rally back target to 2100 as the lower boundary for the 6/14 gap-down. I see your August target of 1620 as a retest of the April 4th low. Personally I am going to trade these moves as always relying on my intraday technicals in real time to clue me as to what to do as the price action approaches the various support/resistance trend lines and price action areas. An educated guess would be that the COMPX will likely finish filling the gap-up on 4/18 and possibly the gap-up on 4/10 (1771.68-1757.38) before moving higher, but we may get a lift off prior. So, I am playing it by ear. I have no time line, just following the price action! Regards, LG PS: I have to break from the market to help prepare reports for my accountant starting next week. I ended up postponing this last week, I am running out to time to get them ready. I may miss this important trading timing window...<ng>

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