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: Jeffrey S. Lillie who wrote (18561)	12/6/2002 9:05:31 AM
From: LTK007	Read Replies (4) of 30712

Here are Blaine's estimates as of pre-open 12/5 <<December 5 pre-open: There is lack of buyers in this market and with that in mind the most likely spot for a bounce to start would be the 50MA's or INDU 8400, COMPQ 1300 and SPX 875 areas........the charts suggest we may just drift down to those levels before a sizable year end bounce and then roll-over to re-test October lows or lower after the end of year 'save the year rally' is unwound in stocks like IBM, QLGC, LEH etc etc........sounds a bit subjective, but that's what the charts suggest.>>

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