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To: ajtj99 who wrote (5960)11/21/2002 7:56:36 PM
From: BirdDog  Respond to of 10157
 
If that scenario plays out. After reaching the high three days from now. If it doesn't actually go higher. 1.75 days later (the end of next week), the NDX (I know the chart is S&P, not NDX) will be at 737. Or a 34% loss as compared to three week loss in 2000 (98 chart). Then, 10 days later it will recover to only an 18% loss. At which time it will continue down like an eagle on a prairie chicken.
Interesting... very interesting...

BirdDog



To: ajtj99 who wrote (5960)11/21/2002 8:06:26 PM
From: illyia  Respond to of 10157
 
I am.
Indeed.
i.



To: ajtj99 who wrote (5960)11/21/2002 8:24:31 PM
From: bcrafty  Read Replies (2) | Respond to of 10157
 
JAG, but I think the high will be on the 29th

The Friday (half day) after Thanksgiving for the past few years has notoriously been a day for a good size up move.



To: ajtj99 who wrote (5960)11/21/2002 10:00:08 PM
From: velociraptor_  Read Replies (2) | Respond to of 10157
 
Bingo! I like a good thinker....The significance of the Nov 25-27 time frame give or take becomes more important the deeper you look into it. I gave the bulls the benefit of the doubt with a possible drop into that time frame through the end of this week and into early next week. That would have allowed a chance for them to rally a little more again later. However, by rising straight into that date instead, the bulls have cut their own throat by falling all over themselves to buy all ths crap and literally push the indices to the brink sooner rather than later. That's why I say, the higher this thing goes into that date, the more bearish I will become.

The market can only play out so many patterns and the idea of market fractals to analyze past and current potential can be quite useful.



To: ajtj99 who wrote (5960)11/21/2002 10:03:06 PM
From: da_cheif™  Read Replies (2) | Respond to of 10157
 
so....dow 16k is not on ur screen for the next couple years....