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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 (3504)	7/15/2002 7:13:15 PM
From: Jeff	Read Replies (1) \| Respond to of 30712

Some might say this was a re-test that was successful. I don't agree. how can making a lower low be considered a successful retest.....who says that.... again....bear market pattern of lower lows....and fast quick ramps that let very few get in and force those who missed the quick ramp to buy high and become bagholders with the fear of missing out....at the same time force shorts out and scare the crap out them so they are not short when the cliff dive comes.....and doing that they convert scared shorts into new bagholder longs and wipe out the most traders..... i wasn't kidding when i said this bottom zone was going to be very hard to play....this is the most critical part in the retrace.....its do or die here..... you have a mixture of shorts covering near a bottom area....longs buying what they think is a bottom....big money dumping into this because they know its not a bottom....and of course everybody is a daytrader now..... to avoid going insane....i'll just stick with the same old plan.....find the next top that leads to the next lower low.....that is whats been working.....the charts prove that... all this other stuff is smoke and mirrors....