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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (24)	5/12/2002 8:36:57 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 30712

AJ: Re: "Justa, that chart also is similar to one I've seen for the QQQ (Vess posted it on Clearstation). It has an implied target of 22.76, which is about 912 NDX. That lines up with a COMP low around 1300. Vess doesn't believe this is going to happen right now, and he thinks the low will be QQQ 27-28.50." I think this could happen in the next two months. We either dance along the plunge-line for a time and visit it later this summer or autumn or go down there by end of June with a forward script to be written then. Re: "I think he's going to be surprised. P&F target ranges are 25-28 for the low, with Dorsey's at 25-27. If the COMP hits 1300, the NDX will hit the 22-23 range." No question about it. A breach of 1387 automatically gives you some panic down IMO. I see QQQ $23. Re: "Vess is good, and he's just learning e-wave. As such, he's looking for a wave "C" to hit 2098. I think he might need to reference the book again and look at fibs <G>." What is his timeline on that? I don't see 2098 now. Not sure how anyone can make projection like that without a down resolution of some sort, especially in the face of a four year cycle which has worked according to script thus far. I am not fighting this cycle.