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

To: doc who wrote (11440)	10/17/2002 6:55:21 PM
From: Jeff	Respond to of 30712

doc...back in september when the retrace hit that 1251 bottom perfect....all of a sudden many new folks showed up here....they thought they could daytrade the retrace.... i warned its not like that at all......between the peaks and bottoms of the big zones....anything can happen..... back in may....the retrace showed a 1465 bottom....the nasdaq only went to 1560.....but guess what....the retrace went right back into the groove..... back then....there were only a few regulars here.....and it was that way all the way from 1759-1192.....we knew about the "goo"...... now.....everybody is questioning the retrace....whats wrong with it..... nothing technically.....its still within its borders.... but you have to use current t/a for the goo....its that simple.....been saying that all along..... folks think they can follow this to a tee....you can't... if you don't position and hold off the main peaks....or buy a bottom zone and hold....you get whipsawed to death just like anybody else.....