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

To: HoodBuilder who wrote (24646)	1/16/2003 7:49:41 PM
From: mishedlo	Read Replies (5) \| Respond to of 30712

By the time every SOB sees the top we will be 100 points from here. DOWN Look at the action. DISTRIBUTION while every clown hung on "great earnings" bs that was priced in. Can we go on to a higher high? Yes anything is possible. Is it likely? Hell no. What do you want to see before calling a top? M

To: HoodBuilder who wrote (24646)	1/16/2003 8:06:06 PM
From: ajtj99	Respond to of 30712

It really would have to depend on what's burning. Let's say, for example, it was a glue factory.................

To: HoodBuilder who wrote (24646)	1/16/2003 8:17:18 PM
From: Jeff	Read Replies (1) \| Respond to of 30712

the t-q readings i had back in october that changed the minor trend to bull still have not signaled the trend back to full blown bear..... my new map calls for a major high or low around march.... with this MSFT news today with the split the 27th....the dividend goes to holders of record on feb 21st.....and is paid march 7th..... the odds of that march date being a high are now greater than they were yesterday as MSFT should be strong during this period......and a major low now is less likely... that is of course after big boys shake it down to load tons of cheaper shares.....<ggg>

To: HoodBuilder who wrote (24646)	1/16/2003 8:22:08 PM
From: Jeffrey S. Lillie	Respond to of 30712

not in my thinking. my thinking since dec 2 was that that was THE top and we would go on to set lower highs(pivot highs). two things happened that i didnt expect. the pullback went deeper than i thought from dec 2 high and took about 2 weeks longer than i expected to hit my pivot high targets. i didnt have a specific time frame in the pivot high prediction otherwise that would have been a third thing i got wrong. the second was all of my targets were actually exceeded. ndx was the worst at 2.3% above. the nas,spx and dow were all about .5% higher. so until we go higher than dec 2 levels i gotta believe the top is in. j

To: HoodBuilder who wrote (24646)	1/16/2003 9:53:19 PM
From: Softechie	Read Replies (1) \| Respond to of 30712

you see a building on fire, do you pull over and throw gasoline on it? It depends. If it's Ken Lays or his crooked friends then yes. If it's my friends then I help them...hehehehehhh...pure and simple.

To: HoodBuilder who wrote (24646)	1/16/2003 11:03:17 PM
From: Mike M	Read Replies (1) \| Respond to of 30712

Michael your point is well taken. Everybody is absolutely "certain"....until they aren't, of course. I doubt the top is in or, even imminent. The corrections are short and sharp. Wouldn't be surprised of a reversal up tomorrow if we in fact begin weak. I'll let the market talk to me about a trend change. If the bears are right, there will be time to get on board. If wrong, the squeals will be deafening. Neutral is comfortable. To paraphrase: "Neither a bull nor a bear be...Making money is above all about not losing it..."