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Strategies & Market Trends : P&S and STO Death Blow's
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To: LTK007 who wrote (2447)6/17/2002 4:20:55 PM
From: ajtj99  Read Replies (1) of 30712
 
IAO, they could gap it over the 1555 COMP / 1155 NDX level. That would cause a short covering run of 10-20 points. That might be why the indices were held up so long today.

Once that is achieved, the 1555 COMP level may be defended throughout the day tomorrow until ORCL. Another gap and run on Wednesday could get them to 1190 NDX and 1595 COMP. I think that's what the powers that be are at least trying to position for.

The econ numbers in the AM may prevent that, however.
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