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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeffrey S. Lillie who wrote (23073)1/9/2003 9:19:54 AM
From: Jeffrey S. Lillie  Read Replies (1) of 30712
 
looking back at my 60 min sto analysis it turned out to be highly accurate. it said min down was 23 pts. we got almost 24. the sto has hit now broke 20 level and a move up is possible now. i still feel we need to consolodate/drift lower after the green open. if index gets to 920 i will look to add deep ITM puts for a move towards 900 (may only get to 905-908)
j

To:GodfreyDaniels who wrote (22621)
From: Jeffrey S. Lillie Tuesday, Jan 7, 2003 3:08 PM
View Replies (1) | Respond to of 23078

useful data on spx 60 min chart
in 5 of the last 5 instances where the full sto on the spx 60 min chart has gone above 85 and then penetrates 80 goning down, it has dropped to the 20 line or lower. in one instance the spx got to a higher level (2 days later) but then dropped like a stone.

spx 60 min just crossed the 80 line and is now at 77 ish. if market rallies, the cross will be erased, but the time is near.

in the 5 instances the spx dropped (50,24,23,64,30) from the highs set while sto was above 80. on this run our high has been 931/932. based on this data the minimum pullback is 932-23= 909 before the sto bottoms again
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