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


To: Dnorman who wrote (3506)7/16/2002 12:47:23 AM
From: Jeff  Respond to of 30712
 
Let me see if I got this right. If the market goes above that 1458 T-Q top, we will go higher into the 1500's. The retrace to 800 bottom will still be intact but may not happen in first quarter 2003.

doesn't have to.....looking back at possible old resistance highs we of course have 1387....with the painted ramp they could gap that one....we then have 1402...1415....1452....1459...1486.....and 1503 was a t-q 5.....

so getting into the 1500's will be no easy task.....but as today proves....da boyz are master of the paint brush....

the retrace schedule as of today is still bottoms in july....october and next spring.....

lets not forget...nasdaq did make a new low today....the bulls on these boards are hilarious....they have been buying all the way down from the fourth of july ramp....taking a real beating.....and were getting killed again today except for the last hour and a half....

and most are just praying to get even and are selling these ramps to soon......

then they believe like all these past ramps this ones it....they buy the top again because thats what the crooks want them to do by fast ramps and gaps.....before yet more lower lows.....

it really is a fascinating time in the market watching how the have's still are able to take money from the have nots even with the market down like 75% from the top....