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: Jeff who started this subject	11/27/2002 1:17:47 PM
From: Jeff	Read Replies (2) of 30712

if you guys remember the rules of P&S from the melt down phase we watched this summer..... every index starting with the lead NDX would make a lower support pierce....sucker run up....then dump to new lows... then nasdaq....spx...dow...... in the bear case.....lower support pierces lead to sucker runs before a new lower low.... in the bull case......its the opposite.....you pierce an upper support.....sucker sell off.....then new highs.... NDX was first to pierce the 200 ma......sell off.....now back up and next in line is nasdaq to test that 200 ma..... check this post by the t/a god as he mocked my AV and pierce and sucker plays..... investorshub.com now check the date and look at a chart at what happened.... selloff....sucked in the shorts....then new highs..... the more he mocks me the more off a fool the guy looks....its really foolish to have a closed mind like him....i always said on this thread.....keep an open mind....we had all the possibilities covered for downside from the retrace and we had the upside breaks covered.....but those with closed minds only thinking bear didn't listen to them.... P&S works....AV DB...works....simple but effective..... thats the name of the game....keep it simple...and focus on what works.....always have a plan for the downside and upside risk.....and when a indicator tells you to sell or cover get the hell out.....don't start getting into over analysis paralysis and start searching for other bogus signals that can toast you..... we are getting pierce and suckers to the upside now....you all watched as P&S during the drop from 1850 to 1100 where 100% correct as new lows were consistantly made.....even the last lows made P&S which mean that the oct lows are not the lows...... as i make my new plan for the next retrace to new lows.....these upward pierces and another high t-q are signals i need for the top along with failed AV attempts and the return to d-blows which will signal the switch back to bear..... the biggest failure in t/a is not identifying the correct trend.....d-blows are seen in bear trends as AV shows its real strength in bull trends....high t-q's are trend changers.... you have to know the trend to use AV..DB..P&S correctly..... anyway....my crap stocks are doing the normal holiday fun run like i mentioned yesterday....thats another good play to watch during holiday sessions.... have a happy thanksgiving everybody....

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