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

To: Jeffrey S. Lillie who wrote (18066)	12/3/2002 7:52:50 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Jeff, that DB did not exist on the chart 3-days ago. It only happened because we had a drop today. If we go up tomorrow, it disappears. I don't think you can count on a monthly indicator until that month or the trend is mostly in and you've moved on to the next session. It's like looking at a daily indicator or daily candle at 9:45 AM and saying that what shows then is a lock.

To: Jeffrey S. Lillie who wrote (18066)	12/3/2002 7:56:11 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 30712

If you assume that the PPT is just the "big boys" acting in their own self interest, and if you assume that there was a lot of PPT action in October, it means that they have inventory that they need to get rid of to realize the gains. That means that at some point, the PPT members will actually want the market to go down again so that they can reload again at lower prices and play the game all over again. Looking at the tick and trin, I have seen a lot of distribution in the past week or two. Personally, I think that the PPT is going to be taking a little vacation for a couple of weeks. I think that the next time you see PPT type of action will be on a big selloff day the week prior to opex.