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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (48966)	8/4/2002 10:19:59 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

We are sort of going over the same stuff, but imv, that is the myth catalyst if we get myth'd. Illiquidity is not an option for this market and that threatens. Like I said, I can make an excellent case for a non-tech IT low here. The various subroutines of the Voodoo Box I give these scores for probability of a low in the Dow: TA: 7.5 of 10 Elliott: 3 of 10 Sentiment: 6.5 of 10 Cycles: 8 of 10 I give a discretionary score of 3.5-4 of 10 for the non-tech IT low being in, as you well know. That's probably a little low given the readings, but that's how it feels and I am deducting some because of the following... The window is open to a rogue move here. The last time that window was open we had some bad sh*t happen, although as usual, it came a few weeks later than I would have thought (tooearly -g). It does not mean you mortgage the house for puts, as these things rarely pay, but it does mean you carry melt insurance. I have spent the weekend forcing myself to study the bullish possibilities. I want to be prepared if the market starts to throw rising price at us -- no way I am going to get blindsided. However, I can not get my mind around the bank charts -- they are on solid sell says the Voodoo Box. (Note: Nothing in this post should be construed as me changing my stance, as I am not. I am only explaining some details/background.)