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

To: Justa Werkenstiff who wrote (10713)	10/14/2002 9:31:50 PM
From: Jeff	Read Replies (6) \| Respond to of 30712

could happen......i'm just looking at the next 4 days here..... because we have a trend turn with the full moon on monday....and a "dramatic" helio move till the 28th....so next week is likely one straight 5-day move.....i'm thinking dump as plan A....plan b next week would need anti-venom since the sto's are overbought again... we have INTC earnings tomorrow....MSFT thursday.....thats important....they could dump with INTC for deja vu retest...and use MSFT for the headfake ramp for a friday high before the dump next week...that would be plan A... what if they ramp with both INTC and MSFT....then retrace high targets are in jeopardy....and if they ramp till friday....and they could...that would mean next week would have to dump from a high level to 1000.....that would put that 1000 target in jeopardy....unless something real bad happens..... retrace shows the dump to 1000 coming from near the battle zone 1130-50.....or a little higher....thats why if we got a retest of the 1108 low and just say we went to 1130....and then closed friday at say 1150-80....that would be the perfect retrace setup for the 1000 next week... but if we are say over 1230-50 on friday.....thats a monster dump to 1000 in 5 days.......still possible of course.....but that would also set in place that the retest was a success and that helio is not a cliff dive but a ramp..... see....this week is trendless with options paint....its a coin toss.... but next week theres a well defined trend.....and we have a good idea what it is.....and by thursday and friday we should know by the area we are in so we can position for it early..... this is hard to explain...but the higher we are on friday....like say over 1250....the less likely 1000 comes....or it could be one heck of a nightmare crash for longs..... but if we are between 1150-1200 on friday....thats more what the retrace dump to 1000 calls for.....