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


To: ajtj99 who wrote (4356)7/29/2002 5:49:30 PM
From: Jeff  Read Replies (1) | Respond to of 30712
 
got a good t-q to work with.....last similar days like today....

july 3 and 5....next day july 8 was a top at 1452

may 8....next day dropped 92 pts before a later options ramp...

april 16..next day major top 1832...

aug 24 01...next day top..

aug 1st....next day top...

those where all in a bearish trend....

two readings in a bullish trend.....

oct 11 01....next day dropped 50pts but uptrend resumed..

nov 5 01....next day dropped 24 pts but up trend resumed..

conclusion....

if we are still in a bear trend.....tomorrow's high should be a top followed by much more down....

if the trend did change.....tomorrow's high should be passed on wednesday.....

since today included end of month paint.....this could end up like the top at april 1832....

but since options is yet to come.....the may 8th comparison might also be in play with a high then big dump leading to an options ramp.....



To: ajtj99 who wrote (4356)7/29/2002 6:08:53 PM
From: Jeff  Read Replies (1) | Respond to of 30712
 
spx max p is now 905......first time in two months that its been this close......

that should set up a dump here and another ramp and easily get spx max p.....