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


To: pressboxjr who wrote (4372)7/30/2002 1:45:51 AM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
Jr, if you look back at some of the other lows we've had recently, you can see morning stars (May) and other bullish candles and patterns. After the ramp for (choose one) options expiration/end of month window dressing, we've trudged down again.

If we stop at the gap at 1264, we could continue up to an eventual top at 1400 COMP. That's not what I'm expecting, but I'm on the lookout for anything that may happen.

In these situations I find it useful to just watch and play support and resistance. For tomorrow resistance is 971 NDX and 980 NDX. Support is the top of the gap and 951 NDX.