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

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To: Jeff who started this subject10/23/2002 6:06:04 PM
From: h8_2_b_l8  Read Replies (9) of 30712
 
I've been sitting here running numbers all day and the geo mixed with wave analysis works out beautifully. I normally wouldn't share this since it is so out there but it makes too much sense.........

A top on the 25th or 28th around 1347-1350. This will puncture the 1347 top but give the impression of a DT causing a sell off to the 50% retrace (1350 - 1108) of 1229 (support from last sell-off as well).

We then bounce 167 pts to 1396 (1.382 of the move down) by the 24th-28th of Nov (which is a wave date from the 8/22 high to the 10/9 low and geo date). That would put QQQ right at the top of its downtrend from January (leading indicator) and the Nasdaq would marginally break its trend line to suck up as many longs as possible.

We then have a freakish plunge from 1396 to 997 (1396 - 1108 x 1.382) that ends on Dec 27th (wave change date of 1.382 from the 8/22 high to 10/9 low and geo date). The plunge may come from a terrorist attack over the Thanksgiving holiday or ramifications of an attack on Iraq?

A relief rally until Jan 10th or so and then sianara until the ultimate lows in March/April.

This scenario would keep the 1459 tq abandon line in check and put the retrace back on schedule by the first week in January.
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