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

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To: DD™ who wrote (30516)9/20/2004 12:37:04 PM
From: SGJ  Read Replies (1) of 30712
 
I wholeheartedly agree on sustainability issue. The weekly full is getting close to day of judgement DB which could lead to a major turndown between here and 2000. Unfortunate as well is the topping of the slow and fast weekly.

BUT if we continue up and we finally break out of DB mode we could meet or beat 2153.

My read is that the daily's are still not indicating big trouble yet. Also the weekly stochrsi has seemed to be safely out of DB country. So I think there is some more juice left in this rally. I don't follow the hourly and 30 minutes though like some did which may be better indicators near a critical juncture.
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