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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 (10542)10/13/2002 2:51:54 AM
From: John Carson  Read Replies (1) | Respond to of 30712
 
Jeff, biggest financial bubble ever known to mankind is being deflated, predicting final bottom will be tricky part. When we finally hit bottom, based on retrace theory, would you expect us to go back up the same way we came down (and up before that), sort of a rinse lather repeat effect, after all the same support and resistance levels are in place, that is, if the same companies are still in the NAZ, could be a whole bunch of new companies by then. As we get later and later into the bear, the NAZ will change composition and weighting of the companies so maybe retrace back up will not work as well or at all.



To: Jeff who wrote (10542)10/13/2002 9:07:15 PM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 30712
 
Jeff: Re: "then i expect a helio cliff dive to 1000...."

Why did you choose a helio over a geo cliff dive in your thinking? Is that because the helio called the 9/24 low? I ask because the geo called the 10/10 turn to the day. Is the helio where you see the pullback and slightly higher high scenario for this week?



To: Jeff who wrote (10542)10/14/2002 12:27:40 AM
From: SGJ  Respond to of 30712
 
<<this week should be more goo as they wrap up options...we could go higher yet....or dump some and head back up here to finish the week....then i expect a helio cliff dive to 1000....>>>

If we end up this week, in order to hit a new low around 1000 by the 23-28 of OCT will require an ugly downmove. The COMP would have to lose >20% in as few as 3 or at most 6 trading days. ouch.