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

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To: Jeff who wrote (3558)7/16/2002 10:03:02 PM
From: Justa Werkenstiff  Read Replies (2) of 30712
 
Jeff: Re: "one of these days the longs holding are going be slaughtered.....so says the retrace....."

The set up is there right now. The Nasty has lured the longs in with its gentle basing period. "Come buy me," the Nasty said. "I am stronger and will due you no further harm."

The Nasty continued:

"I will give you a rally. The bottom is at 1375, well maybe 1336 or, better yet, 1326 or maybe 1315 as it was a very good year. Forget about my past misdeeds. I am here for you. Look at that terrible DOW and SPX. You want no part of that action. Come here and I will shield you from that carnage and lift you to 1565 or wherever you say. It is summer, you know, and I must rally."
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