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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 (1781)	6/5/2002 10:03:44 PM
From: Jeff	Respond to of 30712

it has to pierce.....same with nasdaq....because a retest won't be the real bottom.... folks who don't know the power of the pierce...are the suckers....all they will think....wow..we nailed the bottom....lets load up and ride this bull back to 5000...<gg> and within a week or two....nasdaq will be heading for second wave low 1100....causing panic like no other....they will sell.....take a loss.....watch nasdaq ramp up 300pts or so....they will load back up on the rise to 1400.....think they better sit tight again....not worry to much about a retest of 1100.....and then totally freak as 1100 breaks and the nasdaq heads to 800.....they will be so burned by then and numb....they won't bother trying to buy the 800 bottom.....nasdaq will ramp back up 50%.....test that 800 bottom again....make a higher low....and ramp up 100% in year 2004....