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To: Boplicity who wrote (4818)11/29/2001 12:02:41 AM
From: D.B. Cooper  Read Replies (1) | Respond to of 13815
 
Boplicity
I don't know if we are going to the 1300s on this wave pattern. (Maybe next spring) My take is that we fill the gap under 1800s and then down to 1743 that would be a 38.2 retrace and fill in the gap from 1741.37 which was the close on NOV 2 and the open on NOV 5 which was 1768.29 and also the low of that day.
This ENE story is going to take a few days to work itself out IMO. JPM and C are going to be in trouble and who knows out these tentacles spread out with derivatives. Anyway it is a good excuse for the market to go down. We certainly bounced off the 200 DMA.
Funny story, watching the local news program tonight and their lead story tonight was the the profiteers where running amok on Wall Street. Yes Maam that was me selling. <vbg>
Right, only Venkie can move the market like that.
Penni has her buys in place on two of those stocks. I haven't really made up my mind yet. What is the old saying "last down first up".

Gotta go West Wing