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

To: Justa Werkenstiff who wrote (1705)	6/5/2002 11:57:06 AM
From: Jeff	Read Replies (2) \| Respond to of 30712

sucker runs come in all shapes and sizes... anything over 1560 now...no matter how long or how high...is a sucker run because its going back down to at least test that 1548 bottom again.... spx last month pierced major support at 1052.....they sucker ran that for a few weeks to get up near 1100 for options pump and dump... but the pierce was in....and it had to come back down.... and it did...<gg> just watch when the time comes to test that sept bottom...if they pierce it....you will see a major sucker run like no other....as money waiting to get the bottom pours in..... and that pierce will confirm 1100 next level is coming...then the panic selling gets intense when they realize 1380's won't hold.... to complete the retrace...that scenario has to happen...thats nasdaq's destiny..... the only thing that can change that is nasdaq pulling away and going into a nikkei type retrace....and nasdaq would have to break out here in the next month....or the dow type pattern is still on track....