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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: anon who wrote (10948)	12/5/2001 9:50:54 PM
From: ajtj99	Respond to of 99280

Yeah, you'd think it would be easy to get to the "root" of things in this market using turnips and potatoes. I just saw a post on the CF e-wave zone from the Dow in Aug. 1987 that showed a stick just like today's and yesterday's that had the base as short term support for at least through expiration and a week after that. After the support broke, it formed overhead resistance, and then the wicked drop came. That same chart showed the next day as a higher high, but a lower close. The following day tested the bottom of the stick like today's, so maybe that's a low Friday. The following week mostly had higher highs, but most of the sticks were fairly long, indicating a kind of distributive volatility. Whatever. I'm just trying to learn from history. From what I can see, the easy gains are over with. It's going to be like going through a jungle the rest of the way. I think Larry's channel may hold through expiration. After that, I'm not so sure.