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: Jeffrey S. Lillie who wrote (24773)	1/17/2003 10:50:31 AM
From: ajtj99	Read Replies (1) of 30712

4.78 t-q so far. It is not enough to force a trend change. However, 3-days in a row with high readings like this usually leads to a bounce of some sort. My guess is support on the uptrend off the 10-10 and 10-31 lows holds on a closing basis, but may get pierced today. Ideally, we would test the uptrend line that broke yesterday, currently around NDX 1060. We'll see if we get that far. That's a pretty long haul from these levels. I did not expect 1020 NDX to get tested today. One thing we need to keep in mind is that if this is a "c" down off the highs, the first 4-days down off the Dec. 2 highs were the majority of the drop.

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