P&S and STO Death Blow's Message Board

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

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To: Jeffrey S. Lillie who wrote (24797)	1/17/2003 11:07:49 AM
From: LTK007	of 30712

wht i wrote at 3:15am, followed by update To:Jeffrey S. Lillie who wrote (24707) From: GodfreyDaniels Friday, Jan 17, 2003 3:16 AM Respond to of 24798 SPX should have its reversal anywhere between 908-910. that is it is not only its' last low but it is at the 50% Fib retrace from 869.45, also. <<Using my Realtime IQCharts we are now a D+/D- crossing on DMI/ADX. D+is 17 and D-18 and 5/5 sto(at 55) has crossed below 10/10 sto(at 61)on daily. So a dip buying rush is not a gurantee but 60-min is flashing oversold says it should happen, but Daily has more downside ahead,imo. A retreat to 12/31 still quite possible in the near term. Watch the AVs on SPX and in case of VIX, DBs on it's daily.Max p.s. SPX futures at 3:15am EST be -5.4(911.40) and just up ticked to -4.50(912) so anything possible come post 8:30am.>> Though we will have some rally i feel a test of 869 now inevitable. A break of 869 would lock us back into the 2002 pattern. VIX has broken one DB by having made a break through on ADX DB, it had had a a D+cross above D- on daily, the first crossing since 1/2/03. Daily resistance and support now 921 and 885. Max

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