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

To: augieboo who wrote (12263)	10/25/2002 5:39:12 PM
From: Win-Lose-Draw	Respond to of 30712

WHY i suspect the retrace has worked as well as it has because, presumably, TA was used on the way up and, also presumably, inverse-TA is being used on the way down. ie if you're using fib numbers on the way up, using "1 minus" fib numbers on the way down will walk you down a similar looking path. resistance on the way up is support on the way down. etc etc etc. i don't do the cycle/wave thing, perhaps an assymetry in the way cycles/waves handle ups and downs may even help explain the 3:1 timing ratio.

To: augieboo who wrote (12263)	10/25/2002 6:42:38 PM
From: LTK007	Read Replies (1) \| Respond to of 30712

<My point is that we don't know if following the retrace from here on makes sense because we've never really bothered to puzzle out WHY the retrace works.> of absolute importance. TA ONLY measures the underlying dynamic of ticker action. I have spoken in part about the UNDERLYING dynamic and i can now say we have an underlying dynamics more complex than before, not the least of which is electronic trading and that which is called "the dumbing of america". This is a huge question and unfortunately needs an explanation far more than a few post can accomplish. But i will say my views on this matter underlie why i believe the longer the retrace the worst it will be for everybody except the the very rich, who will just keep getting montrously rich. Max

To: augieboo who wrote (12263)	10/25/2002 8:12:23 PM
From: DebtBomb	Read Replies (2) \| Respond to of 30712

the retrace works because no matter what year it is, human psychology does not change when you look at charts, you're looking at human psychology for the most part amazing how well the retrace fits the 29 bubble bursting, huh?? just like in the 20's and 30's, people are liars, cheaters, scam artists, greedy, speculative, hopeful, in denial, stupid, and naive - and that's never going to change so we have these gaps, bottom calls, and bear market rallies all ending at new lows, until stocks are undervalued and no one ever wants to own them again and in the future, when the next bubble begins to burst, all the same things will happen again and all the wall street wizards and talking heads will say the same things like, there is no bubble, there is no recession, and this won't end like previous bubbles everyone by now should know how people felt after the 29 bubble popped and, i think a final stage is yet to come after this sucker run these wild gaps we have at the 10/10 turn date, are like the last bear market rally in 32 before the killing field came these gaps are acts of desparation people just know it's the bottom or they're likely to give up some probably dumped their last gasp investment dollars in, because the wizards told them, it's a 4 year cycle low yes, it's a 4 year cycle low folks, step up to the wheel, the casino is open, you are a guaranteed winner, no brainer bet, step up to plate to get rich at this bottom, everyone wins