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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (18629)12/6/2002 11:06:39 AM
From: Jeffrey S. Lillie   of 30712
 
the downtrend line from high on dec 2nd and today high isn't perfect, but if we dont go higher than 1065 and fade to lower levels it will remain intact on the 60 min ndx chart. higher or flat and it is broken.
if we close at lows today then i will take on some longs. if flat or up i will stay in cash and wait for bounce to reshort.
i believe we should fade away to lower levels but none of my pattern recognition stuff says that, its just my feel.
jeff
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