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

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To: ajtj99 who wrote (8166)9/25/2002 7:43:22 PM
From: Justa Werkenstiff  Read Replies (4) of 30712
 
AJ: I see nothing bearish short term about the Sox. I said last night it could be a morning star and it was one. Now look at the selling pattern leading up to it -- small bodies. Suggests reduced selling pressure. I agree with you and Jeff that it got pierced and it is not done, but this thing is not going to reverse on a dime more than likely. Bounce off lower bollinger, low rsi and low dma % per Les support thsi idea. It at least has hang time and probably more upside.
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