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


To: Lone Ranger who wrote (30023)5/29/2003 12:45:13 PM
From: Jeff  Read Replies (1) | Respond to of 30712
 
my canary broke out today pointing the way to 1700's....

so any dump will be to get the shorts lathered up again just to really crush them one more time....

if you remember my bull and bear pattern rules from last year.....

as the market was going down last summer....the bear pattern rule as i said...

"any up is just to lather the bulls before more down"....

the pattern is short hard "ups" followed by relentless down....that shakes the shorts and lathers bulls....its obvious when you see charts....

the bull pattern....just the opposite.....

short hard dumps followed by relentless up.....that shakes longs and lathers shorts......

last april 2002 the nasdaq made a monthly "bearish" SAR hit.....at the time i used that to confirm my retrace which needed a "longterm" dump signal to reach that low for october....

today...when nasdaq hit 1585.....it was a "bullish" monthly SAR hit.....

as i look over my 4 retrace patterns......that SAR hit was needed for a possible run to 2000 next year.....

so if shorts think this bear hunt is only a few month deal for this year only.....they may be in for a very costly surprise....

shorts better learn some t/a if they like their money.....