The 10-24 entry pattern of the Nasdaq chart

As of Friday afternoon, 10-24, the Nasdaq Count was 8/-125(-6.5%),
that is, the Nasdaq Average had declined 125 points in 8 trading days.
 At this point, traders had been out of the market since they sold out
partway, 5 or 6 days, into the last mini-rally, waiting for the next
entry point.

        It came near day’s end Friday, as the market turned up two
hours form close into a 25-point slam.  Yes, it could have been 10-20
points more, and it didn’t have to be Friday with a chance that
sentiment cools off over the weekend.  But the cup pattern and slam
were there, and it was a mandatory entry point.  It could be a minor
or major bottom, in which case N.B. traders will make and tuck away
gains, or it could be just a blip then continuing decline, in which
case they will sell out at buy-price, or a bit lower, stops set right
now, by the rules.  But they will never hold stocks through any real
decline.

        This style of trading, at the very highest level of what can really
be done, is described and discussed at the noncommercial New Breed
site –    http://members.aol.com/davetrends     It is discussed
further at the Yahoo “davetrends group site”.  You are
invited to read, then participate if you like.  After sitting back and
reading many of the installments, there is no way you will not
understand more of how the market really moves.  And that’s all
we have to know, because essentially all worthwhile stocks move with
it; and we use only the best 3-beta growth stocks as trading vehicles.
 Stop by.  You will not be disappointed.