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

To: mishedlo who wrote (23651)	1/10/2003 10:02:39 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Hey, there's a big difference here. If you're having trouble seeing it, you're looking in the wrong places. Hint...weekly chart....

To: mishedlo who wrote (23651)	1/10/2003 10:07:11 PM
From: ajtj99	Respond to of 30712

Mish, I don't know where you were, but we were looking at possible blow off tops during November at 1450, 1484, and 1515 or so. We got past the first two and stopped at the last. We left the door open for more, but that 200 SMA was staring us in the eyes. We closed above that today as well as the falling resistance line off the Dec. top. That opens up a run to 1522 initially. Look at that daily chart I posted with the ADX. When D- gets to -15, you're free to short for a swing down, IMO. Until then, it's going to tough to go against this trend.

To: mishedlo who wrote (23651)	1/10/2003 10:16:22 PM
From: orkrious	Respond to of 30712

Zeev took away his "hills" call today if I am not mistaken. hills call is still on investorshub.com

To: mishedlo who wrote (23651)	1/10/2003 10:19:01 PM
From: orkrious	Respond to of 30712

Exactly the same sentiment at the dec top calling for higher and higher highs. completely true. aj is right about the weekly, but there aren't many people not looking up whenever a chart turns down hard.

To: mishedlo who wrote (23651)	1/10/2003 11:13:53 PM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 30712

Charts turn when they look most bullish the flip side is that new highs beget new highs. imo calling tops is far more difficult than calling bottoms. just look at CNBS: they see more well-formed bottoms than larry flynt, but have yet to spot a top. (yeah, i know, lol) how much more is left? i don't know, and i'm not going to guess. one nasty experience trying to proclaim a top was enough, this time i'll listen to what the market is saying and react rather than attempt to predict.

To: mishedlo who wrote (23651)	1/11/2003 9:08:57 AM
From: Lone Ranger	Respond to of 30712

mish, "Charts turn when they look most bullish." Interesting comment. I was reading some dow theory commentary, believe it was Russell. He stated something to the effect that once the dow transports broke their 09/20/01 lows of 2033.86, the markets would be toast. Well they did on guess what date, 10/09/02, by closing at 2013.02 . This was supposed to be confirmation of charred toast. But we know what happened. The market rallied from that date. Another interesting point is the break was less than 2% from the prior low. I think Sew believes a successful retest is anything less than a 7% difference. So there you have it, for one its burnt toast and for the other its buttered cinnamon roll.