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

To: jjstingray who wrote (41037)	6/4/2002 11:44:00 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

jj, I think the 3-black crows are on the weekly, which we know is not complete yet. I believe it fits nicely with a pump & dump tomorrow with a low towards the end of this week around 1560-1570. It also works well with options expiration, as I believe you can re-trace 1/2 of the formation without negating it. It makes perfect sense to me. I think the buys on the daily in a crash or drop to a macro low have to be coordinated with what the weekly and monthly charts are showing. I believe that's why Don is tempering his enthusiasm for his buy signals he received. You don't usually notice until it's all over with, but we are really in the middle of a parabolic drop on all the indices. It may be interrupted briefly to relieve oversold conditions, but make no mistake about the outcome. Furthermore, so many people are buying into (pardon the pun) of an end of June bottom that it might end up being a self-fulfilling prophecy.