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Strategies & Market Trends : P&S and STO Death Blow's
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To: ajtj99 who wrote (19696)12/12/2002 7:22:26 PM
From: Jeffrey S. Lillie  Read Replies (2) of 30712
 
re ndx, 1020-1027 would easily satisfy the historical pattern in ndx for a morning low. it is even likely that it would reverse up from there and get a close of 1040-1055. i am no longer looking for the big downside. 1020 and ppt have proven to be good support. watch the motha farker tank huge tomorrow (GGG).

FOR SPX:
if i just use the data of last four points where spx has ben in an uptrend, the avg pullback is almost 9.5 pts or about 892 (support) and then the avg bounce from the interay low of 12.8 pts giving an avg close of positive 3.3. so friday could shape up like this: drop in am to 891/892 then bounce to a close of 905.

i still have a handful of spx 925 dec puts from 935 spx and plan on closing them on the dip if it comes and buying spx 875 calls
j
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