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

To: Jeffrey S. Lillie who wrote (17082)11/25/2002 9:32:02 PM
From: augieboo  Read Replies (2) | Respond to of 30712
 
In the first place, the equity/index P/C ratio is worthless, IMDO. (And I'm sure Mish will back me up on that.)

In the second place, we go down when the PPT and Da Boyz decide we go down. For all we know, that may be in January.



To: Jeffrey S. Lillie who wrote (17082)11/25/2002 10:00:45 PM
From: ajtj99  Respond to of 30712
 
Jeff, on the middle chart, connect the lows on the 21DMA and the highs. I think you'll see the range we should expect on that chart. We appear to be on the low end of that range currently. I also commented on that chart last week that we're in an uptrend on the 21DMA. That means more extreme levels on the next low, which is in line with what we're expecting 4-5 months from now.


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