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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 (17184)11/26/2002 1:07:39 PM
From: Jeffrey S. Lillie  Read Replies (1) | Respond to of 30712
 
well it looks like the ceiling at 1010-1012 held (went to 1012.5) and now the second attack at 1100 is on. it should fail giving a close around 1090 but we may trade lower
jeff



To: ajtj99 who wrote (17184)11/26/2002 1:35:03 PM
From: exp  Read Replies (2) | Respond to of 30712
 
JEFF, JUSTA, AJTJ: Norm (on Market Swing) and Zeev are looking for possibly COMP 1600 before the current 2002 rally is over.

In order NOT to hit COMP 1600 in 2002, weekly COMP chart IMO must show that
(1) Full Sto turns down and crosses the red line
(2) Slow Sto turns sharply down and crosses the red line
(3) RSI goes below 50
stockcharts.com[r,a]whcaynay[de][pd20,2!f][iUi10,10!Uh5,5!Up14,3,3!Ub14][J8430730,Y]&pref=G

Also, weekly SPX chart IMO must show that
(4) Full Sto turns down and crosses the red line
(5) RSI goes below 45
stockcharts.com[r,a]whcaynay[de][pd20,2!f][iUi10,10!Uh5,5!Up14,3,3!Ub14]&pref=G

Until I see points (1)-(5) happen, I will be mindful of a possible rally continuing to COMP 1600 in 2002 (perhaps after some retrace).
Any thoughts, gentlemen?