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

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To: Justa Werkenstiff who wrote (15364)11/17/2002 8:47:44 AM
From: nsumir81  Read Replies (2) of 30712
 
Justa-Can't get bearish/bullish..confirms..big ranges that keep folks hoping for something big.

Message 18240955

This one will still get to weekly overbought (objective of each bear rally) and into the big overhead immeditaely above which also is around the 200 ema currently at 1486. In fact it will even get as close to 1500 as possible.

All this will get folks really excited that we are going to have a new bull etc. Forgetting that EACH major bear rally has done the same. It gives the impression of a bull, breaks key downtrend lines, gets to where the overhead wants to unload and then suddenly the bad news starts to matter.

(All along this downtrend it has broken key dt lines that have been in place at those moments in time during bear rallies, and hence the focus on the Sep 2000 dt possible break is useless imo; it can happen and STILL will not ensure anything)
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