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: Justa Werkenstiff who wrote (26167)	1/25/2003 6:06:23 PM
From: LTK007	Read Replies (2) of 30712

<Apparent channel has formed after the gap down. If this is the case, adding to shorts at the top of the channel is my plan.> Justa i feel this will clearly show that NO new down channel has formed that what we were in was merely a up trend in an already established down channel that was never broken. stockcharts.com[g,a]daclyyay[df][pc10!c20!c50][vc60][iub14!la12,26,9!lp14,3,3][j8853836,y]&listNum=1 The retrace of that Black Channel takes you to new lows. Ideas of we are going UP to such and such level by say June that are ABOVE the black line for me is "why bother even thinking about it?" because UNTIL the top side of the Black Channel is broken they are all mere conjecture. If the Black line is broken up side then think about it. That is that heart and soul of channeling as opposed to E-Wave longterm projections. i do not do E-Wave as channeling and E-Wave simply are two different disciplines that do not mix well so i simply won't do both, so for E-wavers i am totally useless.I will just stick to my primitive scribbling, this chart is one of them. Max.

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