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thanks
it does help
my view is we make a lower low on NASDAQ but NOT sp500
most likely some time this week
nice evening
Ben
----- Original Message -----
From: "dowsp" <dowsp@xxxxxxxxx>
To: <gannsghost@xxxxxxxxxxxxxxx>
Sent: Monday, February 18, 2002 8:09 AM
Subject: [gannsghost] Re: spx vs dow
>
> Ben,is it?
>
> That prediction worked almost too well, they are not all that good.
> I just had 10,000 to 10050 as my next level IF 9900/43 got broke.
>
> All I can go off is that IF the JAN 10300 top is to hold for some
> time, the 10o50 target was a 66.6% retrace of the 10300 - 10530 range.
>
> The 66% retrace does work often on the dow. MY only problem was that
> the spx wasnt seeming to fall onto a retracement level that I would
> be happy with, I dont think it found resistance at either a 38 or 50%
> of the same timeframe range ie about 1177 - 1079.
> So this does put a slight element of doubt in my mind as to whether
> the Dow will hold at this top.
>
> I AM HOPING IT DOES.
> I do believe that the markets should continue their decline. There
> were a 180 trade day and 144 cal cycle last week so timing wise also
> was in tune for a top.
>
> I think 9900 may prove difficult to break below so we may well get a
> move up come tuesday.
>
> If we break 9900 I wud expect a fair decline to occur into March at
> least.
>
> So for now the dows in an important band of support / resistance.
>
> Look for a break.
>
> I however am looking to short if we get to 50 to 66% of the 10050 -
> 9900 range. OR maybe IF 9900 breaks within early tuesday
>
> Hope this helps
>
> Pete
>
>
>
> --- In gannsghost@xxxx, profitok <profitok@xxxx> wrote:
> > Now that the week is over,,
> > Where do you think we go from here?
> > ----- Original Message -----
> > From: "dowsp" <dowsp@xxxx>
> > To: <gannsghost@xxxx>
> > Sent: Thursday, February 14, 2002 1:14 AM
> > Subject: [gannsghost] Re: spx vs dow
> >
> >
> > >
> > > I know you were bullish to 1250 spx the 50%Retraca of main range,
> > >
> > > I can only take it stage by stage based on other smaller rages,
> this
> > > may well eventually run to your level if next targets broke. This
> wud
> > > be if Jan tops break should 10050 break on dow,
> > >
> > > I am not good enough to risk a prediction that far in one step, it
> > > would just be a guess based on Ganns 50% rule.
> > >
> > > see what rest of week brings
> > >
> > > 10345 wud be intresting thats a 62% retrace of dows main range and
> > > almost a double top at a 8.3% gann %, 9910 was a 4.16% from the
> 9530
> > > low, so the next in series cud be likely target if we do approach
> > > towards there.
> > >
> > > pete
> > >
> > > --- In gannsghost@xxxx, "jseaton357" <jseaton357@xxxx> wrote:
> > > > QQQ did retrace 50% along with some other simple geometry and
> that
> > > is
> > > > one reason I became bullish at that bottom along with geometry
> at
> > > > 1081 and then 1079 but I seemed to be alone in my bullish
> thoughts
> > > at
> > > > that time.
> > > > -Jason
> > > >
> > > >
> > > > --- In gannsghost@xxxx, "dowsp" <dowsp@xxxx> wrote:
> > > > > Dows retraced about 62% of its range since Jan top, spx hasnt
> > > even
> > > > > retraced 50%. This does concern me that dow may go higher.
> > > > >
> > > > > HAS ANYONE compared a 4 yr spx chart against a 6 month chart.
> > > > >
> > > > > The recent topping actions very similar to the Topping in
> 1999 to
> > > > > 2001.
> > > > >
> > > > > Similar formations.
> > > > >
> > > > > Pete
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > gannsghost-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
>
>
>
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>
>
>
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>
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