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 started this subject	10/15/2002 8:21:12 PM
From: exp	Read Replies (2) of 30712

Jeff, Justa, Ajtj: FYI: Comment: I failed to predict a day like today. Why? Because, looking at my daily charts of NDX/COMP from 1/1/2000 till 10/13/02 (almost 3 years), there has never been a day like today among those 700 trading days. Today was truly unique (in a statistical sense) in these ways: (1) We had 4 straight days of outsize gains on COMP/NDX without a retest of any kind - never happened previously after a new all-time (intra or close) low. (2) We gapped significantly on NDX above upper BB from a level below upper BB - never happened previously with this size of gap or with the resulting higher close and white candle. In sum, it was a type of day that supposedly has a very very low probability of happening, yet it more likely indicates that the market it becoming ever more volatile, controlled by institutional (program) trading, and subject to strong "herd-like" moves which defy conventional T/A. Options expiration periods and options positions may be becoming a very major influence on this market. All in all, fascinating market but more difficult to navigate.

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