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


To: Jeffrey S. Lillie who wrote (13544)11/4/2002 6:43:45 PM
From: Jeff  Read Replies (3) | Respond to of 30712
 
well....theres a few things lined up that makes the 200 ma a possibility....and thats why you have to know its possible and not be caught off guard if it happens....

the NDX is leading this up and it broke above the august highs....also....back on oct 16 we had a 7 t-q reading....at the time i said its either a bear high again...or a trend change to a bull......for a few weeks as the market drifted nowhere....that reading became useless....but with the breakout friday.....well.....others readings like that 7 were on april 17th 2001 and sept 21st 2001.....so its not to be ignored.....

anyway.......today we DT on nasdaq august high...and dow spx DT on the sept highs......

but we are still in AV.....and the full sto can still trail down and AV for that nov. ramp......

since nobody here knows how the elections turn out....or the reaction off the fed or CSCO......

its best to keep an open mind the next few days to avoid the toaster.....<ggg>