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

To: 16yearcycle who wrote (26283)	1/26/2003 3:21:26 PM
From: jjstingray	Respond to of 30712

If I am reading the charts right, we should not have much of a pop at all. If we are in a three, we should fall hard and fast. Friday was a very good example of that. So, in order for the read to be right, our bounce would come at the 4, not here.

To: 16yearcycle who wrote (26283)	1/26/2003 4:23:41 PM
From: ajtj99	Read Replies (2) \| Respond to of 30712

Looking at the weekly charts, the current charts appear to match up closer with the end of January 2002 period. The lack of a strong trend indication on the ADX is one thing that separates this on a weekly period from the April 25, 2002 and Sept. 24, 2002 timeframe. stockcharts.com[h,a]waclyiay[df][pc9!c13!c20!d20,2!h.02,.20!c50!f][vc60][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1!Lc10][J9033281,Y]&pref=G It would be nice if we could find a pattern that matches up nice with this time period, but I think we have a unique pattern here that may not have been played out in the COMP at least. We'll see. You'll notice that after April 25 we dropped from 1711 on the COMP to 1560 without much of a bounce in between. The Dow did bounce a bit. The 24th of Sept. the COMP hit 1169, and the macro low came in only 61 points lower after some bouncing up to 1239 COMP.