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Strategies & Market Trends : P&S and STO Death Blow's
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To: jjstingray who wrote (4369)7/30/2002 1:17:40 AM
From: ajtj99  Read Replies (1) of 30712
 
jj, I'm taking it one step at a time. First target area to watch is the gap area at COMP 1264.67. The next area will be near the pivot low at COMP 1220. If that is breached, we need to watch the bottom at 1192.

Take it one step at a time, and watch how each area is handled and how the indicators look when we touch those ranges. That's the only way to operate right now, IMO. A failure to go up any further will result in a test of the gap, the bottom of the gap, and if that doesn't stop it, the pivot low at 1220 COMP and the lows, in that order.

If we drop tomorrow, watch pivot areas on the way down, as they tend to come into play later on.
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