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Strategies & Market Trends : P&S and STO Death Blow's
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To: augieboo who wrote (6137)9/2/2002 8:53:00 PM
From: ajtj99  Read Replies (1) of 30712
 
Augie, it's not that easy with futures expiration coming up in a couple weeks. The average price for Sept. futures on the Dow is 8400-8500, and there is 300-points losses carried over from June expiration. That makes Dow 8400-8700 a level not to be ruled out during that time period.

We could drop first, then rise up for expiration. That would make the most sense. A higher low at 8100 would be cause to re-trace .618 of the move up from 8000 or so to the high just below 9100.
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