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


To: Jeffrey S. Lillie who wrote (10434)10/11/2002 1:43:34 PM
From: Jeff  Read Replies (1) | Respond to of 30712
 
Heck, 1200 seemed like mt everest. now that we got so close in 10 trading hours,

thats the bear market pattern....fast ups and gaps followed by long bleeds....

make the longs chase and pay premium...and squeeze shorts going up.....

then dump....

we just talked about this the last few weeks on those ramps over 1200 before the dump to 1108.....

matter of fact....thats the pattern all the way down from 1759 except for the august rally....

just in case they want highside max....the retrace high targets were that 1269 top plus any premium like other tops before it or the 175 month ma at 1294.....

those were the possible highs we mentioned when that 1239 top was being made.....

they are still there...