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Strategies & Market Trends : P&S and STO Death Blow's

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To: Rich1 who wrote (28303)2/19/2003 10:20:51 AM
From: JRI  Read Replies (3) of 30712
 
"Your" g 850 has gotten quite a workout...in fact, a trader this morning on CNBS said- and normally I pay no attention, but the guy was so-matter-of-fact he sounded credible- that 850 was a big level all traders watching..

The "matter-of-fact" guy (Chicago exchange- I immediately though about Max-Pain-g) stated he saw this as purely a technical oversold rally, and he thought 850 would hold. He also saw mostly down over next 2 days..

Again, I only mention the dude because he "appeared" much more straight-forward then most guests on tube...he could be wrong, but I bet he is speaking his conviction/trade

Looks like we are in a small box this morn..gonna break one way or another. Many e-wavers looking for one more leg up today (a 5th wave off the bottom, 4 complete)...before down (at least corrective)
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