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

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To: Killswitch who wrote (12609)10/29/2002 12:15:12 PM
From: Steve Lee  Read Replies (2) of 30712
 
"NDX is down through its bollinger on 60min"

I think we're coming down off an extra special piece of stock price engineering. Look at how NDX went thru the 60min upper BB on 10 and 11 of this month, and what happened after that. I think you're right - if it doesn't bounce then we are likely to do the same sort of thing on the way down. Retracing the Oct 2002 bubble <g>.
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