Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: TechTrader42 who wrote (35060)	4/29/2002 4:31:48 PM
From: ajtj99	Read Replies (1) of 52237

Brooke, I don't look at the SPX as any worse than it was in Feb. when it broke through several support levels and dropped to 1074. Once it finds support, we'll get a modest bounce, get knocked around a bit for expiration, and continue our drop to the final destination, which would seem to be 960 SPX in June rather than 998 since 1074 was breached today. Funny that the CI's are at 0 while the put/call is at a low level. They used to run hand in hand, so I guess that's a divergence worth noting. As for all-clear signs, we need to re-test the lows today and see what happens. That will be our signal to either step aside or dive in.

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