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: Dnorman who wrote (6556)	9/6/2002 4:08:35 PM
From: Jeff	Read Replies (1) of 30712

Dnorman....if you watched the 1294 level today.....what you saw was a bullish pierce to 1296....a sucker selloff to 1280's.....then a run to 1304.....that said the mini trend changed to bull once it broke past 1296 but.... at the close they pierced down through 1294 to 1292....that tells you its not major support....any run coming now will be the sucker run before a dump below 1294 that sticks... this is all in a short span.....so its all short term stuff...but in bigger time frames the same thing happens....

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