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 (18868)	12/8/2002 4:28:25 PM
From: ajtj99	Read Replies (1) of 30712

So, Friday's reversal had nothing to do with two trendlines converging with two Fib levels on the COMP? PPT just saw the need to take care of it coincident with those chart marks? FWIW, I know a guy who programmed computers for one of the big brokerage houses. Don't underestimate the automated buys that take place when these levels are hit. It's T/A, that's all.

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