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

To: ajtj99 who wrote (16697)	11/22/2002 8:25:37 PM
From: TREND1	Respond to of 30712

aj99 You wrote and I answered after each section: Larry, if we drop to test the shelf at COMP 1420 and close on the lows Monday, are all those 3LB charts going to go red just in time for a test of the highs? I know, you don't predict. I think the 3LB charts are getting a bit whipsawed, don't you think? answer: 3LB charts show current trend. Nothing more. nothing less. BTW, I know you don't use indicators on charts, but today we were discussing here the fact that the BPCOMP stochs were at 100, and that's marked tops. Just a little FYI. answer: $BPCOMPQ = 45.19 This is over 45, so it is time to look for a top, but that can take a long time. See beginning of 2002. Larry Dudash