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: ajtj99 who wrote (20109)	12/14/2002 12:31:50 PM
From: Jeffrey S. Lillie	Read Replies (1) of 30712

Since you know i am finally looking up after meeting most of my down objectives, i must say that the 19th/20th could mark a pivot high. It is not my preferred scenario by any means, but it is possible. i was looking out to the following week or later for the pivot high so this would be a rush job and when it reversed it would be some serious selling. my preferred has up mon(possibly after 10-12 pts down in am on the ndx ) thru tues or wed depending on rate of climb to the 13ema in 1050 range. pullback to 1030 then off to 1088 for the pivot high. in order for the 19/20th to mark a pivot high it would have to not waste a day getting thru the 13ema. to get to 1088, i need 83 pts in 4-5 days. a reasonable rise. that said we would almost have to get there on trs and reverse hard continuing into friday as the 88 pt rise would be a 8.26% gain on the week in ndx and that just aint gonna happen. j

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