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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (7897)2/13/2003 10:30:24 PM
From: sa-mule  Read Replies (1) | Respond to of 10157
 
7860 indu, short??

downtrend line from around the fourth, and 50 day ema on 60.

Sam



To: velociraptor_ who wrote (7897)2/13/2003 10:54:39 PM
From: mishedlo  Respond to of 10157
 
I doubt this index can make it back to 8000 at ths point and has little strength to do so with all the charts breaking down

Never Ever underestimate the power of max pain if they want to take us there.
Zero chance on the spoos but qqq well within reach.

I see a chance for a decent rally that dies on Wed.

M



To: velociraptor_ who wrote (7897)2/13/2003 11:35:15 PM
From: JRI  Read Replies (1) | Respond to of 10157
 
V- Whadda make of (possible) 5 waves of 1 complete at this morning's low (1315 to 1261), since we are starting 2 of 5, and 3 of 5 begin either tomorrow or Tuesday- delta-hedging cave-in...

We complete the 5 waves down during last week of Feb....low around 1190-1200....not coincidentally, war starts that week (bombing), and we get a corrective rally for 7-10 trading days...it could be big enough to correct down from 1512, but I am starting to think it will be a lesser corrective, only correction down from 1315...

After that early, possibly mid-March- we get reemed into May...the 3 of the bigger down...bust the lows, etc..

This is my general timetable at this point, although the last count (off 1315) may be off, admittedly