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


To: Justa Werkenstiff who wrote (3944)7/24/2002 6:39:19 AM
From: Justa Werkenstiff  Read Replies (3) | Respond to of 30712
 
Capitulation:

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Message 17782785



To: Justa Werkenstiff who wrote (3944)7/24/2002 9:10:06 AM
From: Jeff  Read Replies (1) | Respond to of 30712
 
Although the retrace scenario is a good roadmap, at some point it will fail as the logical extension of its continued success would be Nasdaq 0 <g>.

of course nasdaq is not going to 0......but the dow gave back near 90% in the 30's......nasdaq 90% level would be around 700......

the retrace is far from done.....

the folks who survived most of the carnage in the 30's got wiped out right near the end because they thought it " couldn't get any worse"....

i'll just say again what i have said before.....

news good or bad....most t/a.....the economy....you name it.....none of it matters....

this is all about the retrace of a bubble market

and right now nothing can stop it.....its a beast of historical proportions.....

and your only chance to survive to the end is to respect it....

i'm sure many here would already be taking huge losses had it not been for the roadmap.....you go against it now...

well.....good luck