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The attached gives a picture of what the
QQQ is doing now.
The dotted lines above the projected heavy line
are 2x1, 4x1, and 8x1 fan
lines (I will not say Gann since this is strictly
related to the MIRROR of the
previous down market).
Taking off at a 4x1 rate, if this could hold for
even a couple of days we
would see QQQ at near 36 or about
7 above the low 19% increase
in that short a time is tough to imagine but that
is the current path.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - - -
<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:
Earl Adamy
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, May 08, 2002 9:33
AM
Subject: Re: [RT] Rally
Scenario can not be dismissed out of hand, however I
suspect that this willbe more of a dead cat bounce ... let's see if it can
take out the last dailypivot high at 109180. The real question is what
price level would give theshorts enough pain to throw in the towel and
begin covering en masse ...guessing above 1120+-. I don't show breadth,
VIX, sentiment at levels whichwould support a sustained bear market
rally.Earl----- Original Message -----From: "Ira Tunik"
<irat@xxxxxxxxx>To: "realtraders"
<realtraders@xxxxxxxxxxxxxxx>Sent: Wednesday, May 08, 2002 8:15
AMSubject: [RT] Rally> Could this be the start of that Bear
Market rally I mentioned> yesterday. How big of a short squeeze
can we get? Ira>>>> To unsubscribe from this
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