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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who started this subject8/7/2002 5:33:38 PM
From: ajtj99  Read Replies (1) of 30712
 
BTW, remember when we are in re-test mode, we often see one or two up days, one or two doji days (today was one) and two down days to finish the re-test. I suggest this will continue to play out in a similar mode, as we need to re-test the NDX lows made Monday.

We've re-tested divergent lows each time we've had them on the COMP. The last one had the NDX holding the previous low at 945 (stopping at 955) but the COMP hitting new lows at 1315 (below 1323, I believe). Those lows were breached on the re-test and we ended up at 969 NDX and 1192 COMP.
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