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Think of the dead cat bounce as not off the floor, but off of a stairway
with each bounce occurring off a lower step. Today the first bounce was
from the -0.382 extension of yesterday's range, that took the ES back to the
Open as measured at midnight, then the bounce from the next lower step was
only up to the dynamic midpoint. The day ended on the lower step. With a
little visualization two mini head and shoulder patterns can be seen formed
by the two bounces. The last H&S bounce projects at least another 10 points
down.
bobr
----- Original Message -----
From: "Don Thompson" <detomps@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 07, 2001 1:09 PM
Subject: Re: [RT] s&p .. Where did that cat go?
> Forecasting is a tough business...
>
> Ben,,,Where did that cat go?
>
> LOL...
>
> Not laughing at you or anything. Looks like this market is serious about
> continueing down..
>
> Don
>
>
>
>
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