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

To: Jeff who wrote (6166)	9/3/2002 10:23:37 AM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Well, this is a tough call right now. We've got a gap at 1346 which may not get filled, and now we have a t-q top at a lower level. Where does the drop stop. The t-q top should give us some insight into that. The reason it is important is the re-trace has 1250, but we bounced 15-points higher at 1295 COMP. That might translate into a 1260 COMP bounce going to 1340 or so instead of 1328 as the re-trace shows. We've got some new issues to deal with with today's indicators, however.

To: Jeff who wrote (6166)	9/3/2002 3:33:18 PM
From: Cola Can	Read Replies (2) \| Respond to of 30712

as the trend is bearish the 5 readings marked tops within a day or two and low readings under 30 marked bottoms.... Jeff, let me see if I understand this. The t-q hitting over 5 today, means when the NAZ bounces, it should bounce up to the level it is at today, around 1300-1340? And since the t-q hit a low around Aug 7, that is where we should bounce from? (1250) Still trying to figure this t-q out. Let me know if I'm on the right track with this retrace and t-q.