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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (61175)	12/7/2000 11:56:59 AM
From: Oral Roberts	Read Replies (1) \| Respond to of 63513

My thoughts exactly. Also seeing improved Relative Strength on the dips which is inverse to what I was watching last spring when I became concerned. Jeff

To: Jorj X Mckie who wrote (61175)	12/7/2000 1:02:32 PM
From: Doppler	Read Replies (1) \| Respond to of 63513

However, the action in Sept. featured the same pattern you talked about and was a bear trap. Both the spring and summer top patterns featured a db break, a reversal with lower highs, then a reversal with a retest, then a more major reversal with a final lower high. In reverse if we were seeing a bottom here you would would need a breakout to new highs, then a higher low, then a retest of the highs, then another more significant higher low. In reg TA terms the top was market by a dt, or M shape. One would expect the bottom to be formed by a db, or W shape. Intermediate trends can reverse in a V, but major trends never do. In other words we haven't even seen the first part of the requirement for a bottom which is a higher high after the low. And we certainly haven't seen the retest yet. JMO