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

To: exp who wrote (577)	5/20/2002 7:05:36 AM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 30712

Exp: Taiwan decisively broke the bearish rising wedge ending down 215 points or 3.72%. Press reports attribute fall to concern over falling DRAM prices. Whatever. It seems like even the most bearish on SI have not noticed this little happening. If the Nasdaq has had a typical distributional top in result as I think it has last week, I would expect to see at least QQQ $29 and change this week. No typo there, the decline this week should be very steep. On the other hand, this proposed distributional top had a definite counter-trend element to it which distinguishes it from others. It had a wedge off the last gap. So perhaps any decline will have some unique aspects as well. Whatever -- the result should be the same but the time line may be different.