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


To: Frederick Langford who wrote (30237)6/24/2003 2:56:31 PM
From: Jeff  Read Replies (2) | Respond to of 30712
 
so far.....my system catches major retrace breaks within about 60 pts....

last oct it was 1280's to 1340's.....

in april it was 1353 to 1405 area....

now its a hard break under 1600 before i think of bailing on the current path that has been perfect since may and only went off course a bit since last thursday-friday and yesterday.....options b.s....

i have mixed signals from all this.....my canary showed the high area.....the retrace is the path to it.....

the path can be delayed by a number of things....and may just push it out farther in time.....

right now i don't know and don't care.....theres bullish crappers out there that avoid the b.s of the overall market.....thats my main focus.....

if we dump under 1600 by alot....i'll just bail on crappers that show any weakness and just sit and watch.....its not the short play i would want down here.....

besides....i have an old t-q signal that hasn't shown up yet.....so i know by that the top isn't in yet....

i just don't know what the downside would be under 1600.....so i would be blind down there for a while anyway....