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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 (4369)	7/30/2002 12:07:38 AM
From: profit_guy	Respond to of 30712

i am thinking that we fill the gap back to 1260 or so within the next few days, then run to 1400-1500 (22.50 on QQQ...absolute worst case would be 21.25 imo) ...my bet is that donald sew gets a c1 buy there as well (and his "W" pattern), and we start a per-celebration rally of "all is ok" with the aug 14th sign off date by the CEO's...of course i only suspect the euphoria will last a short time

To: jjstingray who wrote (4369)	7/30/2002 1:17:40 AM
From: ajtj99	Read Replies (1) \| Respond to of 30712

jj, I'm taking it one step at a time. First target area to watch is the gap area at COMP 1264.67. The next area will be near the pivot low at COMP 1220. If that is breached, we need to watch the bottom at 1192. Take it one step at a time, and watch how each area is handled and how the indicators look when we touch those ranges. That's the only way to operate right now, IMO. A failure to go up any further will result in a test of the gap, the bottom of the gap, and if that doesn't stop it, the pivot low at 1220 COMP and the lows, in that order. If we drop tomorrow, watch pivot areas on the way down, as they tend to come into play later on.