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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (355)	5/15/2002 8:34:13 PM
From: Jeff	Read Replies (1) \| Respond to of 30712

if you saw my nikkei post....you know i think this is going down and going to retrace the entire bubble....history says it will....and the quicker they do it...the better for all.. now as far as next week....not sure.... we have some big player stocks that i mentioned sitting under double or a triple top......we have the VXN still in a bullish 3 soldiers that already retraced the 50%....if that holds up....the market is going down.... now we have borders to work with.... we have a 1759 top....and we have a huge gap sitting below....and a bottom 1691..... if they pierce the gap....we either tumble straight through it to 1650....or they pierce and sucker run it.... the stocks that ran high side max p today...should settle back down near their max p tomorrow or friday.... if we are under max p on the big boys friday....they could ramp back to max p.... right now the stoch's are overbought on the daily charts...but the weekly's are not..... so they could still run this next week....but the VXN breaking into the 42 range should be a clue if they will still run this more as that may wipe out the 3 soldiers pattern.... so right now....everything is in a tight little box....with still two days to expiration.... there will be a clue of whats coming....i showed a few possibilities.....now we just have to watch for them to show their hand....