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Strategies & Market Trends : P&S and STO Death Blow's
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To: Jeff who wrote (3323)7/10/2002 11:43:42 PM
From: ajtj99  Read Replies (1) of 30712
 
The progression of the re-trace is happening a bit quicker than anticipated. I did not expect a drop to 1200 in the next month, but it appears to be a distinct possibility. We'll see how this plays out. In the meantime, I don't think any bounce will now get above NDX 1007 or 1018. I think the NDX finds support either at 950 or 940 tomorrow, with an outside chance of my original target of 925.

I'll be out tomorrow, so I'm more than happy to be in cash, ready to short this ramp.
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