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

To: Jeff who wrote (3379)	7/11/2002 7:41:30 PM
From: Michael	Read Replies (2) \| Respond to of 30712

Jeff, I have been following your thoughts since you first appeared on Zeev's thread. In fact if you haven't deleted it , we exchanged PMs a long time back, when you kindly helped me with a question on golds. i have your thread bookmarked and always read it, however i am new to TA though so don't feel i have much to contribute and tend to stay in lurk and learn mode. While I have your attention can I clarify my understanding of some of your terms: Pierce and sucker is where the market goes through a former support/resistnace point and then reverses quickly, thus suckering all the longs/shorts who played for the breakout/breakdown. A death blow is where the stochastics approach or pass the 50 mark from below and then reverse. Anti-venom is the reverse ? What exactly is the significance of this. Anyway on to your charts. i can see the symmetry in the examples you show, I guess my question relates to your last statement ...said this is where its going long before any of this happened..... What made you pick that period, and why do you think the symmetry is not just a random correlation. For instance you say its not correlated timewise, yet you also mentioned a rough timetable for this playing out, how did you arrive at that? I mean I am not challenging you on this, I would love to have a simple map that i could use for planning, However i am blessed(cursed) with an inquiring mind and would like to understand the basis for believing that this can be used as a predictive model. Thanks Mike