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


To: Jeff who wrote (9533)10/6/2002 6:20:11 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 30712
 
Jeff: So, in your mind, did the fourth cycle low begin with the hammer which touched 1315 on July 15th? That was an amazing day. We opened at 1365 or ten points down and went down to 1315 only to close at 1382 up for the day.



To: Jeff who wrote (9533)10/6/2002 1:51:58 PM
From: Alan Bell  Read Replies (1) | Respond to of 30712
 
Jeff, I understand your general retrace translation scenario. There is one detail that I would like to clarify. You say the time frame calls for a low near the end of oct... the 23rd-28th.

Later you say all the cycle and timing gurus have oct 22 as a low...if the retrace stays true...they would all be clown long before a major dump to 1000....as oct 22 would be a high...

Does that mean you are expecting a dump of 200 pts in 1-4 days? Or do I misunderstand this part of your scenario?

Thanks, Alan