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

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To: Jeff who started this subject12/13/2002 11:52:25 PM
From: exp  Read Replies (4) of 30712
 
I am now BEARISH b/c RED line crossed under BLUE line:
stockcharts.com[f,a]dacaynay[de][pc20!c10!f][J8843063,Y]&listNum=1

(1) This cross confirmed the end of EVERY single bear rally in 2001-2002.
(2) We might rally to a lower high though (COMP 1400s) in the future from around COMP 1320 which is approx. 50% retrace of this rally (COMP 1400s may actually be reached more than once by mid-Jan).
(3) I expect both BPCOMPQ and BPSPX 20 ema crosses shortly to remove any doubt about the fact that we have already seen the top of this rally.
(4) Weekly COMP:
stockcharts.com[r,a]waclynay[dd][pd20,2][iUb14!Up14,3,3][J8721636,Y]&pref=G
exhibits this reliable bearish pattern:
litwick.com
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