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

To: exp who wrote (20797)	12/19/2002 2:05:11 PM
From: Jeffrey S. Lillie	Read Replies (2) \| Respond to of 30712

IT IS ALWAYS DARKEST BEFORE THE DAWN. hows that (ggg). j

To: exp who wrote (20797)	12/19/2002 2:19:18 PM
From: JRI	Read Replies (1) \| Respond to of 30712

exp- did the 1091 in Oct throw off any buy signals (charts)?.....how many sell signals at 1520 a couple weeks ago? I seem to recall both were technically not very supportable (reverses in trend, and not at the firmest support/resistence) Not disagreeing with you thought, just it seems turns have not come with all stars aligned, IMO, in recent memory

To: exp who wrote (20797)	12/19/2002 5:40:49 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 30712

George: Yeah, things really suck out there. Net longer today.

To: exp who wrote (20797)	12/19/2002 6:04:08 PM
From: DebtBomb	Respond to of 30712

ok george, how about: stick looks like the 10/9 bottom stick ok, how about, adx -di went flat well, how about, fast sto went flat, 4.57 alright how about, nas is red 3 days in a row, last 3 times that happened, nas popped with a big white candle ho ho ho

To: exp who wrote (20797)	12/19/2002 6:28:33 PM
From: LTK007	Read Replies (2) \| Respond to of 30712

to go with your chart i throw BPCOMPX and ask when was the last time on this chart can you find a down turn high as developed as this reverse itself????????? stockcharts.com[r,a]daclnnay[df][pc5!c8!c13!c20!a30!a25!f][ilb14!lp14,3,3!ll14][J6512685,Y]&listNum=1 To my eye i can see none,zero,zilch. The only good thing i can see is the daytraders can catch a day here or there on the up but the new trend on this chart is locked in, and it is down. Max

To: exp who wrote (20797)	12/19/2002 7:09:38 PM
From: ajtj99	Read Replies (3) \| Respond to of 30712

exp, we CLOSED below the 50SMA on the COMP. That's huge! Look at your chart last January when that happened and the 50SMA was acting similarly: stockcharts.com[g,a]daclynay[d20011119,20021219][pd20,2!b10!b20!b50!f][iLi10,10!Lh5,5!Lp14,3,3!Lb14]&pref=G We dropped below the lower BB, then rose up to touch the 50SMA before dropping again to a much lower level. In April-August 2001 we closed above the 50SMA for only 2-days after we closed below it in mid-June, and the result was similar. stockcharts.com[g,a]daclynay[d20010404,20010819][pd20,2!b10!b20!b50!f][iLi10,10!Lh5,5!Lp14,3,3!Lb14]&pref=G If you look at the 2002 chart, you'll notice between mid-January and mid-August there were only 2-days we closed above the 50SMA after the initial close below. If you include the 6-days in August we were over the 50SMA, that's a total of 8-days over the 50SMA over a period of 10-months after the initial close below. That's something to think about as people look for the Santa rally. The daily charts may look like they're at bottom, but the weekly charts still have a ways to go, and the monthly charts are just starting to turn down again. Amongst other signals we've had recently, this one is also huge. Look what happened in Sept. 2000 when we closed below the 50SMA: stockcharts.com[g,a]daclynay[d20000504,20010219][pd20,2!b10!b20!b50!f][iLi10,10!Lh5,5!Lp14,3,3!Lb14]&pref=G From looking at this tonight, I have a couple of observations - watch for a drop to slightly below the lower BB on the COMP, and watch for a rise to test the 50SMA, and then watch for the bottom to possibly fall out over the next 3-months. That has been the pattern, and we've done well following patterns.