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

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To: Berk who wrote (7060)9/13/2002 3:04:43 PM
From: Jeff  Read Replies (1) of 30712
 
I believe that wide spread public discussion of the similarity between the two speculative eras would precede the price variance too. To date I don't believe that we have had this, although correct me if I'm wrong.

heck....look around these threads....who else has the retrace talk and close up charts of the backwards path from 97-96 that we follow....

as far as believing it....look at zeev....he has been going against this thing even though he can see the perfect path we have been following....he still insist its 73-74.....or 66-82.....thats why he is lost.....this is a bubble retrace....the periods he sees are not bubble retraces....so....like all the experts who are sucking in the sheep by still being bullish in this bear....they are all looking in the wrong place.....thats why the retrace is working....

i think the public is waiting for a july retest or an october low.....in that zone between 1190 and 1000.....most folks will be clown long and think they made the buy of a lifetime....they will be heading into the best months of the market...nov-april.....just so happens off the 29-32 pattern....thats where the end game is.....and doesn't it make sense....history shows the public can't dogpile in on a major bottom....and with everybody in and holding....theres only one way to go.....down to where nobody can even dream of....that would be the washout bottom like in 32.....and that is not nasdaq 1190 or just a little further down like 1000.....the retrace shows the 1000 bottom will be played like the 1190 bottom was....so that can't be the washout....

so....just be prepared for the worst...and you won't go over the cliff with the herd.....
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