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: Patentlawmeister who wrote (30065)	6/7/2003 9:34:28 PM
From: Jeff	Read Replies (3) of 30712

Jeff - one question: was today's drop from the 1675 mark what you think is the "fast nasty dump"? In any event, i'm with you on the hold until at least the 1700's. man you are a hard guy to please....wasn't that drop yesterday fast and nasty enough for you....<ggg> the reason i made this post thursday saying a fast nasty was coming soon had nothing to do with 1675....that 1675 was in reference to when i told you it could start anytime now..... this post thursday.... Message 19006820 i made that post because i had targets on the nasdaq through a certain "weekly" ema at 1668 and one on the "weekly" spx at 999 as targets for the fast nasty to start.....but they gapped up to them all at once friday....so at that point i knew the fast nasty could come now.... had yesterday been a normal day.....i expected those targets for next week....but once they were hit....thats all i needed to see.... why those ema's...because they were the next resistance points in the uptrend... last year i did the same thing in the big drop from 1759 to 1108.... they are pierce and sucker points....last year as the market rode down.....it would get to support levels....pierce them....then sucker run up before it would then resume the downtrend and break that support it just pierced.... obviously every single one was a correct P&S from 1759 down to 1100....every bull who bought the sucker ramp got killed....and every short who covered on the sucker ramp felt stupid for covering as more lower lows followed.... but that was a downtrend.... we are now in an uptrend....so now "upside" pierce and suckers are the play as resistance now gets pierced....you get a sucker "sell off".....then ramp back up..... downtrend...support gets pierced....result...sucker ramp before more lower lows... uptrend...resistance gets pierced...result...sucker sell off before higher highs.... downtrend....bulls are the sucker buyers and end up bagholders....shorts get squeezed out and regret it.. uptrend...shorts are the suckers....they get lathered and jump in only to see higher highs come....bulls panic sell and regret it as higher highs come... these upside pierce and suckers have been going on since april.....just ask any short....or any bull who sells early and regrets it.... anyway....thats why i talked about the fast nasty before it happened.....the next targets were getting close.....and when those targets are near....you look for that to happen so you don't get killed by it.... its like anything else....everyday you look for things to profit on....but more important....you watch for the things that can "hurt" you real bad..... i use 12 ema's and 5 sma's on my main chart so i can see these P&S plays coming.....most people have no clue these are even happening because they don't have the right number of indicators on charts..... same goes for my AV-DB.....most miss it all because they use one useless sto setting.....i use 8.....for total market coverage.... its no wonder so many have missed this rally......just look at charts they post and look how few indicators are on them.....they are blind to many things..... and looking at "daily" "weekly" and "monthly" charts is an absolute "must" you have to do..... the strength of this whole strong trend was off a "monthly" AV back in april......i saw it....and talked about it....said what it meant and what it would do to shorts....that was back around nasdaq 1450....we just hit 1684..... as usual....AV somewhere on a chart is the foundation for all strong up moves......... now....its "daily" AV watch time because that would be the "juice" for a blow off to this rally....if we get it....i'll see it and know because i'm watching for it....i'll benefit from it....shorts will be toasted by it like in november 02 and just recently april and may.....

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