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

To: Justa Werkenstiff who wrote (26167)	1/25/2003 11:39:15 AM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Downtrend off the highs on the NDX 60-minute shows resistance at around NDX 1025 early Monday, falling to 1015-1018 early Tuesday. stockcharts.com[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][j6471081,y]&listNum=1 Lower channel shows where the next drop should take us when this correction up is over with. I think the bulk of the drop should be finished by Monday, Feb. 3. That lower line should be around NDX 894 by the EOD Feb.3, near one of my targets of 884 NDX.

To: Justa Werkenstiff who wrote (26167)	1/25/2003 2:53:04 PM
From: chainik	Read Replies (2) \| Respond to of 30712

Thanks. Exactly my thinking. I am keeping a short core which I do not touch; hope to add a trading short on Monday. IMO the decline may be faster than many anticipate; I think we may reach October lows in 2-3 weeks. Have been wrong in the past about as often as was right (g)

To: Justa Werkenstiff who wrote (26167)	1/25/2003 6:06:23 PM
From: LTK007	Read Replies (2) \| Respond to of 30712

<Apparent channel has formed after the gap down. If this is the case, adding to shorts at the top of the channel is my plan.> Justa i feel this will clearly show that NO new down channel has formed that what we were in was merely a up trend in an already established down channel that was never broken. stockcharts.com[g,a]daclyyay[df][pc10!c20!c50][vc60][iub14!la12,26,9!lp14,3,3][j8853836,y]&listNum=1 The retrace of that Black Channel takes you to new lows. Ideas of we are going UP to such and such level by say June that are ABOVE the black line for me is "why bother even thinking about it?" because UNTIL the top side of the Black Channel is broken they are all mere conjecture. If the Black line is broken up side then think about it. That is that heart and soul of channeling as opposed to E-Wave longterm projections. i do not do E-Wave as channeling and E-Wave simply are two different disciplines that do not mix well so i simply won't do both, so for E-wavers i am totally useless.I will just stick to my primitive scribbling, this chart is one of them. Max.