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

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To: jjstingray who wrote (26175)1/25/2003 2:29:38 PM
From: Jeff  Read Replies (2) of 30712
 
One thing that is bugging me shorter term on the COTs and Hahn crash call.

jj...if you have time....you would be wise to go back and read this thread from june 18th into early july....thats from about post 2500 to 3200.....

you will see how most had the major lows coming june 28th......all the guru's and cycle guys were in the same camp.....Hahn had a major low and new bull market starting....<ggg>

Message 17620543

heres what the retrace showed........

Message 17620292

Message 17621103

Message 17666094

Message 17666127

that was an important turning point back then.....more than most realized at the time......but the retrace was right on as the bias off that june "high"... not low... lead to new lower lows right to october.....

and here is the reason why most all had that june date as a "major low" and got it wrong.....and had no idea new lows were coming right into october.....and also the reason most ignored the retrace back then......

its the tommy bear scenario......

Message 17076833

you will see.....it was dead on from the end of 2000 right up till june 2002......

everybody got sucked into that as you can see it calling for an up from june 02 to oct 02.......the retrace showed just the opposite......

the retrace kicked tommy bears butt.....

now that everybody is messed up cause tommy bear let them down big the second half of 02.....

now all the guru's who went with it....are all going against it calling for major lows in march-april.....

anyway...you see it has feb-may 03 as an up bias.....and june to oct down bias......

my worst case up scenario that i found in december shows something similar.....

so if tommy bear goes back on course.....all the guru's who got burned by it last year when it messed up.....are all now going against it.....

so....it might just go back on course again.....<ggg>

anyway...as talked about last week....looks like a pre war dump going on.....my lowside for the bull case is still that 1270 area.....the bradley turn off the 17th was a down bias into the feb 3-6 area....

just like back in june....the majority saw a low....it was a high....

the majority now see a march-april low.....

for me...i'll just follow my canary.....up and down.....
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