P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: Mike M who wrote (3116)	7/4/2002 1:04:05 AM
From: Jeff	Read Replies (6) of 30712

maybe....but how many will be catching falling knives to 1200....then to 1000....then to 800....then to ??? many still think this will be like the last two years where you get those nice big rallies..... those days are gone in the final retrace.....any big ups will be from lower levels that most can't imagine....so they will be using those rallies to get even if they are lucky....then they try again only to catch more knives to yet another level they can't imagine....and hope for even again on the next bounce..... problem is.....most won't short down here....so it longs only and knife catching if you don't believe in the retrace.. this last part of the retrace isn't like those wild swings of the last two years....its obvious looking at whats left on this retrace its going to be lots of bleeding down...and down....and down....grind....bottom line....real nasty unless you get the tops and bottoms... the t- q reading the other day...if its legit...that was the record wcom volume day....anyway....if its legit....1458 area is your top.....

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