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Hello Joe
you are correct in the big picture
However
I expect Monday to be a NICE up day for qqq
if you look on your chart you see Fri. was an inside day
my buy stop will be at a few cents above Fri. high
I will take 50 cents and walk only because the big picture still says down
nice holidays
Ben
p.s the perfect stop loss says a close above 40.27 will make the trend
back to up/trend
----- Original Message -----
From: "Joe Frabosilio" <joe6964@xxxxxxxx>
To: <gannsghost@xxxxxxxxxxxxxxx>
Sent: Sunday, December 23, 2001 11:16 AM
Subject: Re: [gannsghost] Next week
>
> I don't see what a couple are seeing when it comes to a rally. Looking
> at the Dec. 6 CIT, the markets came very close for some major tension.
> Looking at houses 3,6,9,12.
>
> Using the low of 4/4/01 on the Square, suggests that the next CIT would
> be on 1/4/02. Nine months later~270 CDays.(low to low)
>
> With the attached file, what I did was, took the low of 9/21/01, price
> low 27.2 and worked on percentages. 25%,33%, 50% and 66%, 66% was
> $45.15.
>
> The current range is 70.44 / 2 = 35.22
>
> Support is in a very close area, 36,35,34. With the current problems
> the World is having, seems like every article I read in the WSJ says
> HOPE. Now that Argentina is at the brink of total destruction, just
> waiting for the ripple effect to Brazil and Japan, IMO.
>
> Joe Frabosilio
>
>
> jseaton357@xxxxxxx wrote:
>
> > Victor, I think Thur set a lower low in NDX and is now ready to rally
> > next
> > week. SP set a higher low Fri and I think it's likely we rally all
> > week into
> > 12-28, as you have 12/28-12/30 as astro date AND I have it as one of
> > my own
> > Gann turning points. Anyone taking advice to short last Tue I hope
> > you did
> > it on NDX and not SP :-) Come first trading day next week I would NOT
> > be
> > shorting the NDX as we should close decisevely higher. Anyway, should
> > be fun
> > next week. Are mkts open normal hours Mon? What about Wed?
> >
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