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

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To: Jeff who started this subject7/31/2002 9:57:50 AM
From: ajtj99  Read Replies (1) of 30712
 
I just closed my puts. I'm in meetings today, and COMP 1328 held on the drop this AM off that really bad news. Chicago PMI may give them an excuse to ramp to the mid to upper 1300's today.

On the other hand, PMI could drop the market through support and test the top of the gap. Either way, I'll take my $0.20 loss and get some work done today.

Lesson, when dealing with EOM paint, ignore support and resistance and just play the time frame. Usually the high comes on the last day or 2nd to the last day of the month.
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