Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (13665)	12/14/2001 9:10:01 PM
From: LTK007	Read Replies (1) of 99280

taking your data in stages,aj:) In this stage i just drew a line from COMPX low on Aug.10(8/10) to today--now that is an interesting line--and then extend to 7/24---whew am i seeing a pattern now.I dare say we are at Max-Point near term decision level entering next week.But what is evident is for the BULLS to have this breakout upwards it will take quite frankly INSANE buying to keep this from going where it should. Point being what i am seeing SHOULD signal a sharp sell-off under "normal" circumstances and the only way it can be stopped is for the funds to just blindly throw mo' money and mo'money at the market. This not a mathematical view,this is a classic image interpretation that can been seen by drawing that line; and a down move(the logical move)would be to minimum 1860---with major support at 1817(1860 the close on 8/22 and 1817 the intraday low on 8/22) so overall the two of us approaching this from different angles concur <<Either way, this is selling time. There is a clear down-channel established>>(as you stated). The one hindrance is if Funds/Bulls insist on forcing a self-immolating up move,they could rip this up to 2135.Max

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