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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 (4903)	8/8/2002 8:36:12 AM
From: orkrious	Read Replies (2) \| Respond to of 30712

I see futures are selling off a bit after the news release, but not too much bubblevision talking about the PPI being good. It tells me we are in deep sh*t. deflation is here.

To: ajtj99 who wrote (4903)	8/8/2002 8:49:42 AM
From: Jeff	Respond to of 30712

yup.....it will set up the dump into options..... anyway we all know that 1400 was sitting up there as the high side in this part of the retrace....if they want it..its their best shot now.... i'm more watching individual stocks here for a clue..... CSCO made a double top yesterday near 13.50....if thats passed...thats a warning for more up.... MSFT could double top near 48.83....if they get much past that....thats a warning.... right now in pre market....most of my nasdaq stocks are below yesterdays highs when 1298 was hit....MSFT is a little higher.... so that 1298 might still be in play here..... things are draining some here....we may still get that flat open..... plan A may still be the one.....its all about not getting over yesterdays high.....and if this turns into a flat open like it might.....its the aug 01 scenario again....

To: ajtj99 who wrote (4903)	8/8/2002 8:55:06 AM
From: Jeff	Read Replies (1) \| Respond to of 30712

btw.....indu and spx closing up strong today will give that full sto a cross over on the anti-venom and set it up for a stronger move up.... if they close down hard....its an anti-venom failure in the making just like in May....and a big dump coming fast.....