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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (25124)	12/13/2001 5:22:00 PM
From: Paul Shread	Read Replies (3) \| Respond to of 209892

My point was that all uptrends were broken during that Dec. 10-14 window. A very interesting call if it turns out that the top is in for some time. And I sure hope he's wrong on the 72-year cycle, which a number of people are tracking. The previous ones, 1929 and 1857, were 75-90% bears with double-digit declines in GDP.

To: velociraptor_ who wrote (25124)	12/13/2001 5:45:39 PM
From: UnBelievable	Respond to of 209892

It Would Seem That We have broken down from a rising wedge. It would not be unusual to turn up here to attempt to regain the wedge. In so doing, we would be putting in the right shoulder (target 1158 where resistance would be encountered from the 9/1/00, 5/23/01 DT line) of a H&S (Left shoulder 11/27, Head 12/5) which upon breakdown would measure to 1058). The bounce now would be supported by various 50 SMA and or 200 SMA. It also gives us some up during the remaining Christmas shopping days, and so I assume would be supported by the PPT. At about 1058 in early January, we would get support from the 5/23, 8/02 DT line. This bounce would then get resistance at 1100 (the vertical line that the WTC decline began from). If this resistance is not penetrated it would the right shoulder of a larger H&S that has the same head as the smaller one and has 10/16 as the left shoulder. This upon breakdown would take us back to the 9/21 low, which some feel needs to be tested. If we fail to find support at that level, I would imagine some people might begin to get nervous.