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

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To: orkrious who wrote (7002)9/12/2002 11:14:56 PM
From: Jeff  Read Replies (1) of 30712
 
btw....you are getting clues right now today as to how this plays out.....

fiber op companies already said in june they see no recovery till maybe 2004.....other sectors are pushing outlooks back further into 2003....

timing of a 700 bottom is around next march.....a run to a double and retest would land right around next october.....

the market looks ahead to that 2004 recovery.....

thats it.....your higher low retest bottom and run up into an expected 2004 recovery....

the run off the 700 bottom would likely be fueled by a 4th quarter 03 recovery.....but then after a few months its likely you get warnings as everything is pushed out to mid 2004....thus you get that selloff for the october higher low retest.....

sounds crazy.....but until this retrace fails.....thats the path its leading us on....

its proven to be foolish to try and out guess this retrace or go against it.......

so i sure won't go against it until my technical signal says its over....
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