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Strategies & Market Trends : P&S and STO Death Blow's
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To: Jeffrey S. Lillie who wrote (25278)1/21/2003 5:31:46 PM
From: ajtj99  Read Replies (2) of 30712
 
I still think we may have a bit more to the downside, as the ADX turned down again late in the day. It might need to double bottom before a reversal on the 60-minute.

I also like the a drop from the Dec. 2 highs of 131 points. That gets us to 1337. Somewhere close to there would be nicer and make me feel better about a long for a 35-40-point COMP bounce.

If this is an A-B-C correction off the highs mirroring the drop from Dec. 2 would land us at around 1270 COMP before a reversal up.
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