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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 (12480)	10/28/2002 11:13:50 AM
From: Rich1	Read Replies (1) \| Respond to of 30712

You guys love to shove it..I am short from 904.. Since he is a pay..$150 a year service I really shouldnt post his comments but since you are .......<VBG> heres all of what he said..Please tell me what you think.. 10-25-2002 The chart pattern on Friday was in conflict with lower prices occurring that day. An upward trend line was formed with higher lows and higher highs. Three higher lows with an upward Price Break Out is a long-side intra-day signal. The price structure has halted at just above 900 twice. It is now back a third time. Is this a third flat top with a few days down into cycle lows? That is what I have been thinking for a few days, but every time a reaction begins, price rolls back to the highs. If price breaks 905 high, then the pattern is incorrect and its time to let go of any reaction into early this week. That means just let the cycle low idea go because it is probably isn't happening in the time schedule given. Try to look for a weak or bearish chart patterns should prices not break 905 on Monday to establish a short. Use tight stops in case there is a price break out above 905 resistance. Edit just covered my SPOO short for 12 points..Dont want to get greedy...<VBG>