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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject	2/20/2003 9:28:00 AM
From: GrillSgt	Read Replies (2) of 10157

Well a bunch of nutsy eco reports has this thing unphased this morning. It appears that we are in day 8 of the cycle and that we should start heading back up today or tomorrow if this is truly an up cycle. After yesterday's very choppy session that looked like a bull flag, we could see this thing explode to the upside today. We could also get a gap above yesterday's highs that fills and creates an outside lower day close which should usher in a down cycle. ES 852 is still the spot. Trading below this area keeps the bulls at bay for more choppiness down to 847 and 841. Bulls must assert at this level to make a run like yesterday. Below 841 and we go for the 838 lows from yesterday down to 836 and 831. A break of 852 up should send us to 856 and 862. The 862-867 band should keep the lid down for opex. NQ Trading above 1011 is bullish and should usher in a run at the 1025 and 1041 targets. A dip back below 1011 becomes choppy down to 1000 and 992. A break of 992 will end the rally hopes down to 980 area. Therefore being a buyer between 1000 and 1011 with stops below 992 should give you a shot for a run. Dow We all know the spot that everyone is eyeing...8150. Dow must stay above 7920 area for a run to this level. A break of 7920 and we could slide down to 7840 and 7800 without much difficulty. Expect choppy trading between 8000 and 8065. Well we have a very complicated cycle setting up for me. As of now I do not have a hold on the direction so I will continue to trade light and stay out of longer term trades, however, I'm looking at a potential scnario which lines up well with Velo's turns possibly ushering in 1388 (last cycle highs) before Feb 26th.

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