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: Justa Werkenstiff who wrote (21483)	12/28/2002 10:51:56 PM
From: exp	Read Replies (2) of 30712

Justa, by explosive rally do you mean one that takes NDX above 1053? what do you see as the principal driver of this prospective rally? ... while we are oversold and in a downtrend for four weeks now, I am not sure about a rally before we hit lower BB at NDX 973/COMP 1320 ... looking at QQQ call/put OI, it seems that QQQ 24/NDX 970/COMP 1315 should be the floor for the time being ... 50/20 sma at NDX 1031/1041 might provide some resistance though

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