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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 (9773)10/7/2002 8:02:11 PM
From: SunSunM  Respond to of 30712
 
Justa,

Does the 30-min STO chart show a bounce is imminent?

stockcharts.com[p,a]faclyiay[d5][pb50!b200!f][vc60][iUl14!Lh5,5!Li10,10!Lp14,3,3!Le5,10,1]&pref=G

TIA.

KC.



To: Justa Werkenstiff who wrote (9773)10/8/2002 6:21:27 AM
From: sun-tzu  Respond to of 30712
 
OK JW,

I allowed some of your thoughts to filter into my stream of consciousness. Went long GE on close at 22.95 but still holding MER, AOL and AMGN shorts. I don't see this bounce lasting more than Wednesday.

From a post of mine on News Links and Chart Links thread...

VolumeStats NYSE AMEX NASDAQ

Up Volume 261.22M (16.9%) 5.95M (2.9%) 385.80M (27.3%)

Down Volume 1.28B (83.1%) 199.81M (96.3%) 1.01B (71.6%)

Unch Volume 17.66M (1.1%) 1.68M (0.8%) 15.91M (1.1%)

Tot Volume 1.54B 207.43M 1.41B

Put/Call Ratio : 1.04

VIX OPENING VALUE: 47.55
VIX CLOSING VALUE: 49.18
+1.63...+3.43%

P/C over 1 and VIX approaching upper trading band at 50 argue for a short term bounce today. No climactic volume blowoff or down/up differential equalling .9 or greater. Therefore, use the bounce to reinitiate short positions. We are still in meltdown mode...

Planning to use bounce to reinitiate housing, retail and credit shorts. VIX is getting ready for another move up imho. Show me some volume huh?

Hope the longs work well,

(~)^(~)