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To: Paul Shread who wrote (37000)12/1/2000 4:43:54 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
>> with the caveat
that the lower you go, the less likely chart patterns are to complete their full predicted moves. <<

Paul, could you elaborate on that a bit? I think I need another lesson. Thanks!



To: Paul Shread who wrote (37000)12/1/2000 8:08:41 PM
From: Challo Jeregy  Read Replies (2) | Respond to of 42787
 
Paul, your #'s jive with, oh shoot! - my mind went blank! <g> What's his name????

Oh well, he was on Cavuto show last night. Said he sees sporatic bear market rally's thru Dec with the indexes down Jan thru April, just like we've seen since first of Sept.

Targets-

Dow - 7000
Nasd - 2000 (or little lower)
SPX - 1200

I'll let you know when I remember his name <ggg>
- you will know him.



To: Paul Shread who wrote (37000)12/2/2000 12:04:11 AM
From: Dan Duchardt  Read Replies (1) | Respond to of 42787
 
Paul,

We got a closing breakdown on the Dow, below 10,380

Is it the number 10,380 breaking that has significance? I wonder because of the apparent support at about 10,371 for the two November lows. That was pierced yesterday and today, but regained. Not that I'm optimistic it will hold up on Monday, but why is losing 10,380 the trigger for a klunk to sub 10,000?

Dan



To: Paul Shread who wrote (37000)12/2/2000 11:22:12 PM
From: Challo Jeregy  Respond to of 42787
 
Paul, I remembered his name! Joe Granville.

Yeah, I know. <g> He was bearish before bearish was cool.<VBG>

However, on the Cavuto show in August, he shouted fire. Told his clients to start shorting in Sept. Shorted GTW 2 months ago and closed his shorts on Friday.

Anyway, I got my memory back. Too much spray-painting the past two days. <ggg>