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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (20594)10/3/2001 1:26:45 PM
From: donald sew  Read Replies (2) | Respond to of 52237
 
Jim,

>>>> This thing that you always have to test the last
low is for the birds, there is a point
when the market gets so low that no test
will hold and you will just keep on going
down, ( until we maybe bounce off zero a time or
two ) <<<<

I have probably written several thousands posts. How often have I used the term "HAVE TO"?. And specificly concerning the issue of RETEST, Im quite sure that I did not use the words "HAVE TO". You may feel that Im making too much of that issue, but to me that is an important issue, since I purposely put alot of effort in avoiding such terms.

Now, I do use terms such as HIGH PROBABILITY, but HIGH PROBABILITY does not mean 100%. Also I often do mention that nothing is 100%. So if you are interpreting HIGH PROBABILITY as meaning 100%, thats your error.

In your comment you left out a specific parameter. And I know that I have mentioned it often that of "greater than 7% decline" in terms of having a retest.

"you may not remember but back in June or July I said
we would not test the April Lows"

I don't recall at all you making that comment unless you specificly addressed that post to me directly. And if you did address that post to me directly, I have no memory of it. I have mentioned it previously that I really don't follow read many posts, and basicly I mainly only read posts which are specificly addressed directly to me. Seldom do I read more.

If you felt for a second that I was addressing you for saying that you were wrong about a retest - if you reread my demonstrative posts about those who were wrong about not having a retest, I thought I made it very clear that I was specificly attacking those analysts who felt that way, especially those who were obnoxious about it. In no way was that directed at you unless you are an obnoxious analyst. I did make that very clear. If you got offended, then I can only apologise for not making it clearer - I sincerely thought I made it very clear.