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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 (8235)9/26/2002 9:26:27 AM
From: timers  Respond to of 30712
 
good post. techs say buy confusing bears.



To: Jeff who wrote (8235)9/26/2002 9:26:31 AM
From: LTK007  Read Replies (2) | Respond to of 30712
 
<we are in a sucker run here.....near end of month.....we are nearing the final washout phase per the 32 end game> a floor trader on Bloomberg TV yesterday made sense to me when he said the Funds are heavy in cashh, as much as 60% cash for some. So with end of quarter now in play they pour the money in so when people get their monthly report they will think what a good job they are doing. And then they will dump in October.Max



To: Jeff who wrote (8235)9/26/2002 9:33:07 AM
From: LTK007  Read Replies (2) | Respond to of 30712
 
Today will give a decent read on rally strength. They will go for a short squeeze on the durable goods number and oversold still situation. If this should not measure up to other short squeeze days it would indicate rally power is weakening.
A good squeeze should come in with at least another plus 40 day on COMPX,so i will use that as benxchmark. Max


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