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

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To: ajtj99 who wrote (29244)3/14/2003 7:52:56 AM
From: steve from ihub  Read Replies (1) of 30712
 
as posted on ihub below. one additon. my target of 1400 is almost a given imo in this rally and my trading range on spx of 788-900 is looking sweet. it was 796-910 but i racheted it down some when we puked earlier this week.
steve

HOLY SMOKES FOLKS!!!! The futures are flying again today. Unprecedented. I will profit on the calls that i had all but given up for dead. Lots of data this am at 830,915 and 945 am, but I just cant see that putting much of a damper on things as europe has followed our massive day with their second back to back 4% type day. Granted it came on the heels of a 10-15% waterfall in their indexes, but profits are profits. the reaction in asia was strong but weak in relative terms as they were only up around 2%. They should do some more catching up if we hold the gains into the close. Normally i would say that is an extremely low probability event , but not today. I was hoping for best case a rise to 836 today. futures are now around 842 resistance area. Could a trip to the 852 area be in the cards? YOu betcha ass it could. NDX should close its massive gap down form jan 17th today.

gonna walk the dog. gonna be a wild day and i want to get some fresh air.
steve
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