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

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To: ajtj99 who wrote (16104)11/20/2002 7:50:45 PM
From: Jeffrey S. Lillie  Read Replies (3) of 30712
 
lets just call it 1460 (my guess at the top) and go down in a fiery blast to hell. I especially liked the part about the invalidating.

That is why i titled my first post to you about this the BREAKOUT OR ULTIMATE FAKEOUT. What a better scenrio to screw people than this. Bulls and bears looking for high over next two weeks around T_DAY. bulls loading up today, bears getting run over and covering for fear of the potential breakout. bulls get left holding the bag and bears have fresh losses and some cash. they wait for an entry on a pop and we just melt a quick 150 nas points before they get in. Everyone screwed. Just the way it seems to work. It could happen. Not saying it will by any means though.
one final tidbit: My Nov 6 high is still standing on nas (not NDX so we wont talk about that (GGG)). Until that is broken we are in a downtrend. It is a wee bit precarious here though.
jeff
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