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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (55802)	10/19/2001 9:42:14 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

That's what I've been saying. Ooohhh, noooooooo. We are one the same side again!

To: GROUND ZERO™ who wrote (55802)	10/20/2001 12:33:20 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

We can not test Lows in a bear Market.. only in a bull market correction do we test lows. In a bear market any test FAILS, so that can't be called a test. ----------------- A pennant was formed in the NDX early October.. on the 5th the pennant had a low of 1216.. We must not break that low , because if we do there is NO Other support. So go below 1216 and CNBC will say we test lows of the 21st, and the suckers will try to buy that however it won't hold and we will set a new low. ---------------- 1216 on the NDX is critical if we stay above that then the rally is intact, below that then good by, because a new low ( not a test) will be on the way. In a bear market there is nothing to test, if it has switched from bear mode then that low on the 5th is the test point. Jim