P&S and STO Death Blow's Message Board

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

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To: Jeff who started this subject	9/25/2002 4:52:57 PM
From: Jeff	Read Replies (2) of 30712

since the retrace is back on track....and the market is setting up for a crash on the retrace.... well....if something inside of you thinks you seen this type action before....you better go back and look at june-july.... june 12 NDX pierces the sept bottom...june 26 nasdaq pierces the sept bottom.... experts all scream its a successful retest as the spx and dow are still above sept levels....bulls looking for a big summer rally..... july...spx breaks the sept lows.....a few weeks later dow joins in ...... result.....crash to new lower lows....the july lows.... now.... sept....NDX breaks its lows first again....then nasdaq...nasdaq also pierces a "major" 200 month support.... experts saying a successful retest as spx and dow hold above their july lows.....bulls looking for ramp to 1388.. october.....look at july.... how about spx and dow break july lows result....crash.... thats what the retrace shows.... again the hidden damage is already in place in the NDX and nasdaq just like june...... holding the spx and dow up longer keeps the public calm and gives them time to add bagholders and keep the buyers in.....just like in june.... deja vu.....you bet....

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