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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject	3/13/2003 9:34:14 AM
From: GrillSgt	Read Replies (1) of 10157

I have today as day 11 of the current down cycle and with a possible 2-4 days left, it appears that naz is putting in 2nd top of cycle later. I would suspect that we finish higher today before resuming the downward trek to finish at cycle lows by mon-wed time frame. This would be late as we are getting ready for the opex games. Sp needs to close below 800.25 and naz below 1271 to satisfy the cycle. ES Already a crazy morning. 814 was the spot and that is gone. Now we head for 817 (touched) and 822. A break of 822 and we go for the big 830 area. I am a seller at 822 and 829. Any break of these levels to the upside sure makes a trader pause so be careful for a massive squeeze. A break of 809 back down should get the gap filled to 805. 795 needs to hold a pullback to keep the bulls alive. A break there and the party is over down to 787 and 781. NQ Just doesnt want to fall. We touched 947 yesterday and have shot up 50 pts in over 2 hrs of trading (pre today). I am a seller of 997 with stops above 1009. A break of this level and the squeeze is on to 1026. A break of 978 back down should fill the gap to 966 and 960. 950 needs to hold on any sell off. Dow 7700 is the top of the expanding wedge and probably is the bulls target today. Look for a big rejection there if we get there.A break of 7600 back down should bring in 7575 and 7530. Bulls need to hold 7500 to keep rally hopes alive. Well it looks like squeeze city time again. It takes days to grind lower to targets and only minutes to wipe it out back up. That is why we can't get an end to this bear market due to all the speculation that currently still exists. Traders know they just need to be positioned anywhere near a "low" to catch the next squeeze

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