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

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To: Jeff who started this subject7/10/2002 9:31:10 PM
From: Jeff  Read Replies (2) of 30712
 
heres your new playground guys....

stockcharts.com[h,a]daclynay[d19961210,19970627][pf]&pref=G

you have your roof at 1459 that came with a 12 t-q reading.....

and you can see the basement....one note...theres a ma line down below that 1194....its 1167...i figure that gets pierced because after the bounce to 1400 area....the next drop is to 1000.....

anyway....you can see where we are as of today.....

if we get the sucker run.....i guess the first resistance points are the old lows of 1357.....then 1387....

if its just a little bounce up before a crash.....you can see the cliff dive coming.....

and you can see like i said before.....its a mess down there at the basement....i doubt it will be a fast drop followed by a monster spike to 1400.....but more like the same old crap now except at a lower level.....

i can see already there will be no need to jump the first bottom.....it will likely be a retest then the run to 1400....

anyway....its a general guide.....it won't be perfect.....but it doesn't have to be perfect to be effective...<gg>
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