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 (5832)	8/26/2002 11:26:15 PM
From: ajtj99	Read Replies (2) of 30712

Jeff, I think to sum it up, we're in the process of testing the highs from last week, possibly on lower volume. If the test fails, the next test is the pivot low at 1264 COMP. I expect the test to fail. Normally when we get a candle like today early in a downtrend, it is followed by a spinning top doji up day, then a topping candle and a resumption of the downtrend. Today is just what happens when there is not real strong sentiment either way, and the market can be guided in the proper direction for the proper result in the end of the week. I don't expect us to drop hard until next week now after today's action. I could be wrong, but today's candle doesn't indicate otherwise.

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