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

To: exp who wrote (4950)	8/8/2002 5:05:02 PM
From: Jeff	Respond to of 30712

i'll predict their next big move.....since this is a sucker run off NDX.....this will dump into a new nasdaq low...... for those who didn't respect anti-venom.....i bet you do now..... you will love that indicator in the next bull market as its a very bullish sign..... its seldom seen in this bear market except on the min charts of course..... but it does pack a punch.....but it won't be as strong because we are in a bear.... d-blows are the opposite signal and we have seen many of those in this bear decline.... anyway on the min charts....the red ADX line is near the 10 line on all indicators....thats a topping signal.....so theres not much juice left here.....

To: exp who wrote (4950)	8/8/2002 5:55:54 PM
From: Mike M	Read Replies (2) \| Respond to of 30712

I wouldn't take too much glee from this. If you are correct and we were to experience "years and years" of this, then that will be anything but good news. Pretty soon the individual would extricate himself from the market and you would be left with a dying mutual fund and institutional market and some haggard traders with their hands in each other's pockets. I think Jeff has a better handle. We will see what next year brings. The worst may still be ahead of us in the market place, and almost undoubtedly in the economy, but I believe that the market, much like in the '30s, will recover sooner.