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


To: jjstingray who wrote (17124)11/26/2002 1:10:59 AM
From: LTK007  Respond to of 30712
 
You don't think news in the week of the 8th will have any influence one way or the other.??? Max



To: jjstingray who wrote (17124)11/26/2002 5:45:11 AM
From: nsumir81  Respond to of 30712
 
jj-When you say Dec is strongest month..how about net change?

Last year we entered December and exited at relatively flat levels.

Since the move in October and November had already taken care of almost all of the upside off the lows (maybe similar to current), December 2001 was an up-down month finishing slightly positive. (15 points)

2000 was a down story for Dec. on a net basis.

Dec. for 1998 and 1999 were up (former up 150 pts from 1950 to 2192; latter you know was a once in a lifetime achievement).

However, 1997 was a down month slightly on a net basis and

1996 was flat (down actually by a point).

1995 was down by 7 points.

1994 was flat (actually up by a point).

1993 and 1992 saw up moves of 3-4 %.

1991 saw an upmove of around 5 %.



To: jjstingray who wrote (17124)11/26/2002 9:13:17 AM
From: ajtj99  Respond to of 30712
 
We're in a wedge currently, and the top ought to be today. Once that wedge breaks, there should be a swift retreat to the 1420 COMP shelf. We might bounce a bit from there later in the week before another leg down.

Beyond that, we've got Max Pain at QQQ 25-26. The picture should become more clear by next week which one of those levels is favored.

We do know the 27.75 level is not going to be Max Pain, that's for sure <G>.