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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (4816)	12/5/2001 11:17:24 AM
From: Don Pueblo	Read Replies (2) \| Respond to of 23786

A cup and handle is pretty easy to spot in hindsight. The whole thing got strange when I noticed that if you skew the chart based on 9/11 events, things made more sense. In other words, I thought we would bottom out on the COMP around 1000. Then in late Sept. the Fed pumped two scoops of money into the pot. Then a bunch of other stuff happened to "tweak" the markets. I perceived this as positive, so I mentally looked at the subsequent chart pattern as if it had occurred 300 points lower than it really did. Looking at the chart that way, I then figured that this current move should have topped out below 1900. Anything above that would have to be a short squeeze on the money that shorted everything on 9/11. Makes sense, eh? And I sat here for two weeks and missed the biggest part of the move.