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

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To: Jeff who wrote (5127)8/14/2002 6:37:36 AM
From: Justa Werkenstiff  Read Replies (1) of 30712
 
Jeff: Re: "the retrace 1400 is in jeopardy now....."

Well, we have had two thrusts above 1300. Those exceeded what was to be expected given what we saw in 1997. So I think it is still quite possible. Max Pain for September gives early indication of that possibility at qqq $25.

Let's work off the SPX. SPX made a higher low last trip down. I still think she has got juice and maybe enough juice to drag up the Nasdaq.

Re: "hard to believe they let them get out now....."

Hard to believe they make it so easy for shorts. Need more "bottom-is-in" calls.

Re: "nasdaq is still under the crow 1326 top."

Yes, crows held the surge of the op ex soldiers and that suggests we are going back to complete some unfinished business on the downside.
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