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 (9555)	10/6/2002 11:41:21 PM
From: ig	Read Replies (4) of 30712

"...you can't pierce these major supports or they are not support anymore..." Sure you can. A MACD Divergence is one of the strongest signals in all of Technical Analysis. Take a look at the October 1998 low of the Nasdaq. Price broke below very serious support near 1465, then rallied like a bat out of hell for the next year-and a-half: dtraders.com We almost had one on 9/24 and again on 9/30. I played them both but they didn't pan out, so instead of making a lot of money, I only made a little. When I see another one shaping up (there may be one soon on the weekly), I'll take it again. If it catches, I'll make a lot of money; if it doesn't, I'll only make a little. The risk/reward on these is terrific. ig

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