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To: Crimson Ghost who wrote (3835)11/24/2008 3:27:40 PM
From: LTK007  Respond to of 3906
 
We had 2nd and third knock at 2:31 and 2:40pm The 3-knock rule hasa a 75% accurracy , so since 3:01 we have headed in the direction of the knock and we at now 849.xx.
Once broken it will be a bear rally for as long as it higher highs and lower lows . Any shift from that pattern will be the end point of the bear rally.
If this is the rally Faber is expecting this will be in higher highs lower lows for significant duration.
If we were to be soon break below 800, it was but a bounce and a headfake.
i play by ear:) The ticker plays the music, i listen, i "Not Guru!"Max