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

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To: LTK007 who wrote (18153)12/4/2002 10:17:32 AM
From: Jeffrey S. Lillie  Read Replies (2) of 30712
 
From my post this am, we got the news at 10. it was good, but market doesn't seem to care after intial feeble pop. some of my indicators pointed to a strong move up at 10. it hasn't as of yet happened. This leads me to believe we should finish at the lows of the day and i suspect they will be around 1050 ndx and 1400 nas 900 spx.

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gap down is a given at this point. from there i am expecting things to consolidate into 11am area, then break out to upside or downside. Some pattern stuff i work on thinks we break down and i have to agree. IF the break is down we should close on or near the lows of the day and be pretty close to 1050 ndx.
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