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Strategies & Market Trends : P&S and STO Death Blow's
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To: mishedlo who wrote (24310)1/15/2003 3:09:38 PM
From: ajtj99  Read Replies (4) of 30712
 
Mish, the bearish divergences have been there for 2-months. We've had one mostly down day and everyone is ready to call an end to the uptrend.

All I'm saying is that's a bit premature in light of the underlying rising support.

When I looked at Max pain a week ago, I saw 8600 Dow, 900 SPX, and QQQ 26 as possible Max Pain points. It appears we might get close. However, if we do get there, we will kill the uptrend off the 12-31 lows and possibly point the market down from here.
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