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

To: ig who wrote (8229)	9/26/2002 4:58:42 AM
From: ajtj99	Respond to of 30712

IG, what you're proposing is not going up against the re-trace, it's going up against the 3-6 day re-test sequence we saw repeated over and over again in June, July, and Aug.5 It's not all about the re-trace. It's just that most of what we see always seems to work well with it. IG, what about the lower Bollinger Bands on the weekly that have not been touched on this trip down? If this was a major low, they'd have been tagged like in all the other major lows (April '01, Sept. '01, July '02)

To: ig who wrote (8229)	9/26/2002 9:14:23 AM
From: Jeff	Read Replies (3) \| Respond to of 30712

well....the worse miss on the retrace is 6.5%.....so from the 1269 top....thats about 1351..... nasdaq pierced the 200 month ma at 1177.... all semi stocks are in sucker runs from fresh new lows....new lows get tested again....the pierce of 1177 shows the 200 month is no longer support.....since all these long term trend lines get pierced....they move down to the next support like clockwork...next is 225 at 1076....and 250 at 992.... we are in a sucker run here.....near end of month.....we are nearing the final washout phase per the 32 end game.....t/a will be less reliable down here....because as in the final blow off top to 5000 the indicators where screaming sell.......but the market just kept going up....well now the indicators should be screaming buy while the market keeps drifting down..... retrace over.....not even close....

To: ig who wrote (8229)	9/26/2002 9:16:40 AM
From: LTK007	Respond to of 30712

How many times this year have you seen a short squeeze rally that soon enough falls apart? It has happened every time this year. And why goodbye retrace, most are long here now; the call for this bounce is already in. Max

To: ig who wrote (8229)	9/26/2002 9:48:11 AM
From: Les H	Respond to of 30712

QQQ short interest is down in September. amextrader.com But so is the number of outstanding shares. See the historical data. amextrader.com amextrader.com The trend in outstanding shares over the long run is higher, but it fluctuates over quite a large percentage during some months. Believe owners can dissolve the etf into its components for tax purposes, and perhaps also reconstitute them into the exchange traded fund for sale.

To: ig who wrote (8229)	9/26/2002 11:19:12 AM
From: Mike M	Read Replies (2) \| Respond to of 30712

IG I wonder how many of those shorts are boxed positions. I know a pretty good number of folks who are boxed. For the past couple years I have been playing peek a boo with much of my stock portfolio. If I expect a rally I close some of the short position. I reopen the short when stocks reach minimal target. I close the long position when any run seems to have been exhausted. Generally, however, I am boxed. That isn't the grounds for a squeeze. I seldom find the need to react to a move that I didn't anticipate as going with the flow is a flirt with disaster and keeping shares boxed leaves the position neutral. My point is that boxed positions aren't going to be high grade fuel for bear market rallies...the numbers can be deceiving.

To: ig who wrote (8229)	9/26/2002 11:14:22 PM
From: KevinMark	Respond to of 30712

"Am I the only contra-Retrace heretic here with TA to back up his ideas?" Probably. But, I'm looking at the following indicators to guide me: Nasdaq New Highs and Lows, Nasdaq Summation Index, $BPNYA, and $BPNDX:$VXN, amongst other things. It's pretty obvious what it's suggesting for the remainder of this year. Besides for the past 2 years January has been the high for the year. I expect that trend to continue in 2003 after one more short squeeze ball buster rally, which imo is underway. I like how they crushed the storage sector today while the COMPX closed in the red by less than one point. Watch storage run like the wind in the weeks to come. This is truly a buying opp in the that sector after the pigs fatten their bellies with enough shares before the final end of year ramp.