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


To: doc who wrote (6561)9/6/2002 12:08:37 PM
From: ajtj99  Respond to of 30712
 
Little mini falling wedges all AM off the corrections. I think 1296 gets taken out on the next thrust up.



To: doc who wrote (6561)9/6/2002 12:12:14 PM
From: Jeff  Read Replies (1) | Respond to of 30712
 
i'm going by the retrace pattern off the 1251 low it shows......off that low can come a run to 1328 give or take our margin of error....

in general terms.....it says this next run will lead to a lower high from the 1426 top.....its the second top in the downtrend to 1000......



To: doc who wrote (6561)9/6/2002 8:00:31 PM
From: mishedlo  Read Replies (1) | Respond to of 30712
 
very low naz trin today.
how do u reconcile that ....with your call for possible top monday?


Extremely low TRINQ for the entire DAY.
Perhaps a spike at the open which is why I would like to see weighted averages of the TRINQ on a minute by minute basis, to determine the REAL trinq for the day.

In spite of that extremely low TRINQ for 95% of the day, stocks went nowhere except for the gap up.

This says to me that there are no buyers willing to buy the gap up. Is there another gap up coming? Like I said if the MFers "need" to hit max pain they will get us there in gap ups if they do not have the resources to buy.

Curious to how this differs from Jeff's reply which I have not seen yet.

M