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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 (15364)	11/16/2002 11:18:03 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

It basically comes down to this: When the weekly turns down, we'll know it's over with. stockcharts.com[h,a]waclyiay[de][pb9!b13!b20!h.02,.20!c20!b200!b50!d20,2!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15][J7729501,Y]&pref=G The first weekly stoch to turn down has normally foretold the end of the rally. Notice the 5-wave structure on the fast stochs off the April and fall 2001 rallies. Notice that missing here. This is a 3-wave move up, with the 2nd wave a long flat still in progress. When the final move up comes, it should be short, but quick. That tends to support the theory of a drop into the turn on the 20th, and a rise into the turn on the 25th.

To: Justa Werkenstiff who wrote (15364)	11/17/2002 8:47:44 AM
From: nsumir81	Read Replies (2) \| Respond to of 30712

Justa-Can't get bearish/bullish..confirms..big ranges that keep folks hoping for something big. Message 18240955 This one will still get to weekly overbought (objective of each bear rally) and into the big overhead immeditaely above which also is around the 200 ema currently at 1486. In fact it will even get as close to 1500 as possible. All this will get folks really excited that we are going to have a new bull etc. Forgetting that EACH major bear rally has done the same. It gives the impression of a bull, breaks key downtrend lines, gets to where the overhead wants to unload and then suddenly the bad news starts to matter. (All along this downtrend it has broken key dt lines that have been in place at those moments in time during bear rallies, and hence the focus on the Sep 2000 dt possible break is useless imo; it can happen and STILL will not ensure anything)