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Strategies & Market Trends : P&S and STO Death Blow's
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To: Jeff who wrote (4901)8/8/2002 8:32:06 AM
From: ajtj99  Read Replies (4) of 30712
 
Jeff, if they do ramp over those lines you mentioned, it will only set up a dump of near epic proportions after the Fed meeting.

Looking at the daily on Raptor's site, there is a bear flag off the lows on the COMP that appears to measure to around 975 or so. We'll see if that one breaks. The flag does allow upside above last week's high to just below COMP 1400.

I see futures are selling off a bit after the news release, but not too much.
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