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	1/24/2003 6:07:09 AM
From: ajtj99	Read Replies (3) of 30712

Well, I've been doing some thinking tonight about what we're looking at longer term. From looking at timing and charts, I believe we drop from here to around NDX 864 or 800 by the end of Feb/early March. After a small bounce of maybe 60-70 points for March expiration, I think we're dropping down to NDX 650 / COMP 950 / SPX 640 by early April. From there I think we ramp into July to around NDX 900 and COMP 1250, then experience a drop like 1000 paper cuts into fall (October?) to new lows around NDX 520 and COMP 800 and SPX 500 or so. From there we could ramp into Jan 2004 to re-test last month's highs, then drop into summer 2004 to give back all the way back to maybe COMP 920 and NDX 600. I think that timing may also work with the Tommy Bear timetable. Anyway, this is what I'm thinking will transpire after sitting up with the kid tonight. <G> This works well with a linear NDX chart that's been catching the lows and highs the past 18-months.

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