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

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To: Jeff who wrote (9519)10/5/2002 8:39:06 PM
From: orkrious  Read Replies (1) of 30712
 
jeff, last weekend (when we were at roughly 1200) I was looking at Augie's backwards retrace chart and wondered if we didn't move down relatively quickly to 1150. Even if we were off a few days on the time, it seemed like we were ready to begin the decent to 1000. Looking again at that chart, it doesn't seem like my theory is incorrect. On the way up there was a period of time (as you pointed out) where we chopped around 1130-1150.

It seems like we are there now and there is nothing on that chart to indicate that we get one more pop over 1200. Would you be so kind as to take another look? We've had a small error rate in price before, now maybe we get one in time.

TIA

ork
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