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

To: LTK007 who wrote (12222)	10/25/2002 1:18:52 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 30712

Look, an Oct low did fit very closely with the full pattern of the 29-32 market. 33 months instead of 35. I brought this possibility to the threads attention in August. The 32 low was followed by a 25% or so up move, an initial leap of faith probably, and then a mild down to sideways move for several months. The higher low was 9 months or so after the first low, so it would lead to a June low of say 1200 on the nasdaq. A net very tight range, as someone else pointed out. It makes a decent amount of sense with what we are seeing with the economy. We aren't going to ramp up, but the market is acting like fundamentals just bottomed, because they can't be worse. So we rally, then consolidate above the low waiting for a long while for fundamental improvement. At some point a company like ITWO, for example is simply gpoing to have a season where orders go berserk(10 is infinitely higher than o). the market wants to predict these events. I am just pointing these possibilities out. I can handle tomatoes too if you all wish. Summer may have been the killing field ps. I am balls out short hoping for a pull back to under 1240.