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: Jeff who wrote (4949)	8/8/2002 6:53:27 PM
From: Lone Ranger	Read Replies (1) of 30712

Jeff, iqauto.com mp spx hit, mp 900, now 905 hit mp qqq 23-24, now 23.57 hit mp ndx 975, now 947.24 What does this mean? Lots of overhead supply and resistance as we move up. Retrace tops are resistance too. If this market continues to move higher there will be a lot of nonbelievers. Contrarily speaking just as it should be so most people get screwed. It will be interesting to watch the action the next few trading days. If this move is for real I'd expect the comp to confirm the move. Maybe a lot of selling has been exhausted for a several week ramp but I find it hard to believe in the move, with the comp as a laggard.

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