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 (27679)	2/6/2003 10:15:17 AM
From: Lone Ranger	Read Replies (1) of 30712

Jeffrey, You wrote:"This is the fourth time we have closed at the lows on spx in lower 840 area. For whatever reason we keep finding support. If we dont crash out and break thru and start next downleg today, we will turn up and rally hard." Imo, in a bear market like this, this type of trading range usually resolves to the downside. You also wrote: "i am seeing things there that arent on normal charts (custom indicators) and many are at levls of july and oct lows right now." Fwiw, good observation, but once again in a bear maket this type diversion usually resolves to the downside so these indicators give you an idea of where we are going. Time will tell and best of luck.

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