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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 (4921)	8/8/2002 10:49:00 AM
From: Jeff	Read Replies (2) \| Respond to of 30712

well....with all the mixed signals out there.....i went back to compare past t-q's and the one i found suggested a flat open....after the early futures manipulation.....it opened flat..... the same scenario happened last aug before a huge dump-o-lot..... but to counter that..the spx and dow are in a strong stoch position to pull a big up move..... so....nasdaq can't pass 1298....and spx and dow have to start dumping and the big dump like last aug is a good chance.... now if spx and dow keep closing up....one day they will explode up off that anti-venom.....so thats something that needs watching.... the same stoch setup is almost like the end of may for the spx and indu....it failed then and you know what happened... anyway the boom or bust setup is about 50/50 right here....todays close is important i figure...