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


To: exp who wrote (12933)10/31/2002 12:48:48 PM
From: Killswitch  Read Replies (1) | Respond to of 30712
 
It is not sealed in stone that we have to go back near the bottom of the range of that 21 day MA. For instance look at where we topped in May this year, the MA made a higher low and then we had the big summer selloff.



To: exp who wrote (12933)10/31/2002 12:57:22 PM
From: LTK007  Read Replies (1) | Respond to of 30712
 
we have been hitting intraday p/cs equitys below 0.40, and today we were below 0.20 in the first 30mins.FWIW.Max



To: exp who wrote (12933)10/31/2002 1:04:34 PM
From: ajtj99  Respond to of 30712
 
Possibly the put/call could be a concern, but draw a trendline from the August red line low through the Sept. 11 red line pivot low. What do you get? Where the line is today.

Still too early to call the top in, but you have pointed out another divergence that we need to keep an eye on.

FWIW, I have not found the put/call too terribly useful since the August top.



To: exp who wrote (12933)10/31/2002 1:05:14 PM
From: DebtBomb  Respond to of 30712
 
george FYI:

last time ibm was green 5 days in a row, and near 80, market topped in august