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

To: JRI who wrote (10751)	10/15/2002 12:21:46 AM
From: mishedlo	Respond to of 30712

If friday is the high AND that is above max pain, I would expect it to continue the following week (in the absense of bad news) Until Tuesday afternoon (or perhaps a gap and crap on Tuesday). My only model for this is May. Not sure that is a sufficient model, but I have nothing else to compare it to. If Friday closes right at or near QQQ 22 then, other than Jeff's retrace I can offer no other theories (other than the trend is now up and retrace is off as espoused by 1 individual here). If Friday closes at or below QQQ 21 then I think downtown could be in order quickly. These are my expectations which may or may not be correct. M