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Hello
You are correct,, we are going to 1081,, but
not this week or next week
we will get there AFTER 2/4/02
the reason is a: we are the most oversold in 34
days
b: everyone is betting that we will go down and put/call
ratio is on all stocks in the last 3 days .91 .79 and
.85
this IS very bullish
stock index put buyers are also VERY high(on the sp500
last 3 days is 1.52 1.19 and Fri.
2.33
c point and figure chart does not show
a broken trend line yet,,
d my volume is also oversold enough
for a bounce,,
how high of a bounce? (dead cat means that the bounce is
fake and the REAL trend is still DOWN) the 50 day m/a and the 200
day are close to each other
in qqq it is 40.04/39.81 and 40.15
(that is were I see qqq going)
nice weekend
Ben
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=jseaton357@xxxxxxx
href="mailto:jseaton357@xxxxxxx";>jseaton357@xxxxxxx
To: <A title=gannsghost@xxxxxxxxxxxxxxx
href="mailto:gannsghost@xxxxxxxxxxxxxxx";>gannsghost@xxxxxxxxxxxxxxx
Sent: Saturday, January 19, 2002 11:23
PM
Subject: [gannsghost] SP/NDX update
In a message dated
1/19/02 11:12:44 AM Eastern Standard Time, <A
href="mailto:gannsghost@xxxxxxxxxxxxxxx";>gannsghost@xxxxxxxxxxxxxxx
writes:
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px"
TYPE="CITE">Hate to disappoint youwe ARE going to have a dead cat
bounceqqq intra day to 40sp intra day to 1149( a
confirmation will come with a close above 1131.71 cash)nice
weekendWhat's a dead cat bounce? Did you mean
SP will not go to 1081-1087 as I am forecasting and that we would rally up to
1149 by the end of the day Fri? I vehemently disagree and as you can see
from Fri's actions I'm glad I was stopped out quickly after the short term
tripple bottom was broken as we went down even further. I am the only
one in this room who is saying 1081-1087 as there seems to be more people
willing to blab about how astrology is so awesome in predicting moves but I
have seen noone use astrology in here to forecast prices better than
conventional methods such that I used to forecast 1170 weeks in advance before
we finally hit 1173. But I'm not going to be arrogant enough to say that
1081 WILL happen anyway. I am now actually getting good readings on 1081
(more than 1087) as the final low before we go up to 1249.-Jason
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