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: Jeff who started this subject	12/31/2002 4:24:53 PM
From: exp	Read Replies (1) of 30712

long ndx in profunds, long ndx/spx in mut funds ... I like charts better for a bounce now with lower bbs pierced (spx) or nearly touched (ndx/comp) ... all lower bbs curved up so we might possibly avoid a parabolic drop in indices for the next few days ... we basically retraced 50% of the whole rally on spx/ndx/comp at today's lows so might bounce for that reason too ... even if we bounce I don't expect much, just hitting 20sma/50sma ... still extremely low volatility in ndx (just three +/-3% ndx daily moves in dec), statistically there should be much increased volatility very soon

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