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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 (28822)3/3/2003 8:40:51 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
Thanks, Justa. I'm just basically trying to anticipate the following:

-A double bottom at 973 NDX tomorrow

-A test of the upper line of the falling resistance line off the Dec & Jan highs that stops below the NDX 1040 gap.

-A test of the NDX 938 low for a double bottom next week.

-A rise to 1017 (the falling resistance line off the Dec and Jan highs and the perfect hit for Max Pain week 3-18).

-A drop to take out all double bottoms and fill the gaps above the October lows near NDX 864 while hitting the falling SRL line off the 2000 highs.

-A rise for Max Pain and the turn in mid-April (and the war) that touches the bottom of the triangle formed at NDX 973.

-A dump off there into July.

This kind of screws with the 55-day and 144 day cycles, but I think if we hit the March 18 1017 NDX level it could make those cycles highs, setting up drops into July.

Fib hits work well for a high on March 5 and a low April 4 also.