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: TREND1 who wrote (19235)	12/10/2002 12:33:04 PM
From: ajtj99	Read Replies (2) of 30712

Larry, I basically was outlining the risk/reward aspect. There are not too many occasions when a number of things line up like this, mitigating the downside risk for a long play. I'm just playing this resistance level to resistance level. Ideally, I'd like to see us ride the lower line of the rising wedge that broke just now until we get to 1422 COMP (filling the 60-minute gap down from Friday's close) and do a 50% re-trace to also test the 1391 support, and get a final leg up to the 1445-1450 area. I'd also like to see world peace and nuclear disarmament, except for the Osborne's.

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