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

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To: ajtj99 who wrote (3865)7/23/2002 1:57:32 PM
From: augieboo  Read Replies (1) of 30712
 
OH CHIT! Here's a GRIZZLY bear flag!

This one has a very short previous drop, in terms of
number of days, so the target could be exaggerated. On
the other hand, that's that pesky rule Susan G. doesn't
bother with, and I think we both agree she's pretty darn
good at this stuff.

Anyhoo, using the formula, I'm getting a target of
NDX 727 for this farker. Nope. Not kidding.

1163 previous minor high
- 950 low at formation start
============================
213 projected decline

The breakdown point is ~940 (I'm eye-balling that).

940 breakdown point
-213 projected decline
============================
727 target

Please check my math, but I'm pretty sure I've got it
right this time. HOLY CHIT.

stockcharts.com[g,a]declyiay[db][pf][vc60][J4661900,Y]&listNum=8
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