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: DebtBomb who wrote (23961)	1/14/2003 8:49:02 AM
From: Jeffrey S. Lillie	Read Replies (1) of 30712

in every instance over last three months that the 60 min sto has reached the 80 level and dropped all the way to the 20 line, the index has given up a min of 20 spx points in that cycle. yesterdays high of 935-20= 915 min downside target. anything below 908 should it get that far(i dont think it will yet) is VERRRRRRy Bearish IMO. the sto for spx is now 54 and falling. there are a couple instances of an AV on the sto back in late october but none since. in all those cases the index dropped the min of 20 pts before rising again. stockcharts.com[r,a]eaclynay[d40][pd21,2!b169][iue3,55,5!up13,8,1!lb14!][J7899850,Y]&listNum=8

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