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: ajtj99 who wrote (239)	5/14/2002 7:30:29 PM
From: h8_2_b_l8	Read Replies (1) of 30712

1750 was my "happy place"! We needed all the ducks in a row for that, which is obviously not going to happen. This chart says a lot stockcharts.com[m,a]daclyyay[pb21!b50][vc60][iLb14!Lh14,3]&pref=G It looks like if we don't reverse from the get go tomorrow we may be headed toward 1750 or so and test the downtrend line from the January top. That big white candle over support and over the 21DMA moving average on decent volume can be ignored, BUT...... With an early morning reversal on the SPX stockcharts.com[m,a]daclyyay[pb21!b50][vc60][iLb14!Lh14,3]&pref=G and Nasdaq we'll have full blown knock out punch status. Nice spike down in P/C breaking the downtrend. stockcharts.com[m,a]daclyyay[pb21!b50][vc60][iLb14!Lh14,3]&pref=G

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