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

To: LTK007 who wrote (17315)	11/26/2002 8:48:42 PM
From: nsumir81	Respond to of 30712

I remember in summer, Schaeffer remarking about 1500..he said that it was a level that the NAZ took some time to completely clear (served as support on a weekly closing basis 97-98) before returning to below that level this year. So in that sense the 1500 level is very important. I had been of the thought that 1500 would not be taken out this year (once we dipped below it for an extended period). Now? maybe. maybe not. (if not..ie if we break 1500, I think it might be brief).