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: farkarooski who wrote (12379)	10/27/2002 1:29:48 PM
From: LTK007	Read Replies (1) of 30712

thresholdtrading.com which also has an excellent track record is not jumping on the new bull market band wagon but does see bull momentum before a MAJOR correction. <<October 28 pre-open: Clearly the market is getting sloppy here.....too many people thinking they missed the bottom and chasing this bounce.......best case scenario(for longs) is CHOP and SLOP to SPX 950, INDU 9000, NDX 1100 area and then the LARGE correction. Bulls have the momentum......(worst case for longs)on the other hand this is serious overhead resistance, many charts are clearly RIPE for a correction and there are some divergences showing up.>>------- so we are in basic agreement--Monday being key day,imo; regards best case/worst case scenario for longs. Also, if NDX were to push to 1100, the correction would be massive, not large,imo.Max

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