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: h8_2_b_l8 who wrote (12023)	10/24/2002 7:26:17 AM
From: Justa Werkenstiff	Read Replies (1) of 30712

H8: Good post. I like the first chapter: "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)." I don't know if we get that far but it is a reasonable target. Anyway, for the rest, well, let's take it one chapter at a time. Off the August highs, it took us 21 trading days to put in lower lows and we had a lower high countertrend rally within that time frame. Also, your scenario calls for a higher high off this bear market rally from a higher low before new lows are made again. This has not been the sequence of events this year. New lows are made off of any major bear rallies and I would consider this a major bear market rally.

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