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 (19694)	12/12/2002 7:04:08 PM
From: ajtj99	Read Replies (2) of 30712

Well, I see a couple things here -Black Oxy in an uptrend -Stochs curling up on the daily chart -Weekly chart still pointing down -Options expiration next week, Max Pain at or below 25.50 QQQ -Seasonal Strength -Weekly 20EMA Daily NDX 20EMA at 1027 and rising. I see a drop to possibly 1020-1025 NDX by early next week (Monday or Tuesday) and a reversal up to the trading range again, with an upward bias the remainder of next week. I don't see big down from here presently anymore. I guess in that regard, your SPX short might do OK, but I don't see the big 16-SPX points you're looking for in the cards. We'll see.

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