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

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To: doc who wrote (6568)9/6/2002 12:34:09 PM
From: Jeff  Read Replies (1) of 30712
 
its ideal to position trade off the peaks......as the 4 major tops this year were real close.....

but once you get going down off those peaks.....you know the general trend is leading to the next low....but you still have to deal with all the whipsaws in the present....

like when we first came off that 1426 top.....it called for a dump to under 1300....then sideways crap... then a dump to 1251....

what we got was the dump to under 1300....but....we got an unexpected ramp to 1347 that wasn't seen in there....thats why at the time i thought that could be the 1328 peak but we just got it sooner than thought.....

but now we nailed the 1251 perfect and got this ramp now....

so like i say....its sometimes goo in here.....but the general theme is...it all will lead to 1000 october bottom...
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