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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 (17259)11/26/2002 3:47:39 PM
From: jjstingray  Respond to of 30712
 
1420 seems to be the target talked about quite a bit. I was thinking tomorrow could be a high, now I am concerned it could be a low. If we get to 1420 tomorrow, maybe we run into the 8th then big selloff.



To: exp who wrote (17259)11/26/2002 4:13:30 PM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 30712
 
George: Yes, I am aware of that. But I am still on guard as bearish candle configurations have been a dime a dozen in this bear rally uptrend and have not worked. Wish the Dow and SPX had something similar and had been porked higher before turning.

I suspect these ugly candle configurations will not matter until we are over the hump(s) and trending down again. Unfortunately, I don't know when that is the case but the Bradley date here is supportive of a turn and directionally it seems down for now.