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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (734)	1/9/2001 7:48:06 PM
From: Stoctrash	Read Replies (1) \| Respond to of 12411

Chip & Nemzer....I use the Fibs for forecasting forward all the time!! My software does some stuff for me when ever I do the basic Fib high-low retrace thing but this is for price levels...not time. I'll have to read up on the spiral...I'll bet I can find some articles in TASC mags. Pstop wise we're longish here for the QQQ.60 and 120min. as of this AM. Key levels are the 62-63 and the daily Pstop is still long but almost got SAR'd short yesterday. The most profitable trading though has been using the 5&15 minute charts and going flat at EOD. 66+ is where the Weekly Pstops would have SAR levels, obviously them suckers are short from months ago. My guess is we could test these areas and get everyone's hopes up. The boards will be full of "the low is in,,yippeee"...and...then we $hit the bed again, keeping us in the downtrend. At this point nothing surprises me, hell we could tank 300 NDX points tomorrow just for the heck of it. ps..I heard Eddie was long AMZN, YHOO, PCLN...and just couldn't take it any more...so he blew up at work ie. on the ice!! <GG>