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

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To: ajtj99 who wrote (16436)11/21/2002 8:50:39 PM
From: ajtj99  Read Replies (1) of 30712
 
Look at today's NDX candles. Look at the 2-long white candles prior to the August 2002 high at 1052:

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J6471081,Y]&pref=G

We back-filled for a day to allow the upper BB's to catch up, the thrust up about 30-points for the final high. 3-days from now would work out the same. Tuesday high. We'll see. It fits real well with the turns and the bull flag target of 1150 NDX. It's also close, but not fulfilling the triangle target of NDX 1170 and gets us to the psychological level of COMP 1500, which may get sold.
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