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: augieboo who wrote (3825)	7/23/2002 6:49:21 AM
From: Justa Werkenstiff	Read Replies (2) of 30712

Augie: Three black crows on the SPX and NYA daily as of yesterday. So brief respite bounce could well be in order. Who knows? However, I don't think it goes far as the three crows now beg for resolution before a more sustainable rally can take place. More down to come IMO afterwards. I want to see how the averages realign during any rest. Note the newly found weakness in MSFT, CSCO and DELL. MSFT in particular fell apart yesterday ahead of analyst meeting. Who would have thunk it <GGG>? NDX makes a new closing low but VXN is at lower highs. So let's see how close we get to Jeff's 1200 in the coming days. I think we are making good progress here towards some kind of bottom but are not there yet.

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