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

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To: J.K. who wrote (30534)1/7/2005 12:52:16 PM
From: SGJ  Read Replies (1) of 30712
 
To summarize, AV (anti-venom) Is when an indicator (STO/RSI mostly) falls off a peak down to 50 and then moves back up again. DB (deathblow)is a move up to 50 then is repelled and falls back down. Mostly DB's this week on the 15, 30 and 60 minute chart on most of the indexes, but the SOX and Comp are the worst.
Read: Still expecting some kind of decent oversold bounce, but bearish for the short term.

No Daily DB yet, but very very possible. I have/am "lightened up".Plenty of time to get long if DB is avoided
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