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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Softechie who wrote (8828)3/31/2003 5:08:27 PM
From: LTK007  Read Replies (2) of 11447
 
this applies to your PM---IF ISM number is bad, PPT may jump in then, exactly as they did last time. Last time a bad ISM number came out and the PPT was buying like mad.
We will see, but a key point is if we break 845 but say start running up at 837, we KNOW that is PPT, as that would be a "mid-air catch"---830 would be a support bounce. (mid -air rallies are a violation of TA,imo). Max p.. with Chicago and Philly numbers being so bad it is inconceivable that ISM could surprise unless jiggery-doo is applied.Max
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