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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 (18675)	12/6/2002 2:10:50 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Well, I was going to see how the 1441 COMP level would be handled if we get there, as that's the .382 re-trace level. Above that we have 1455, which is the 50% re-trace level. There is still a small gap at 1445 if I'm not mistaken. Above that is 1471-1474, which was a pivot area. I think we have to watch if 1426-1427 holds on a re-trace (assuming we do get to 1441-1445). If that area does not hold, the 1414-1418 range could come into play. If that doesn't hold, we're going down more. If it does, it leaves the door open to 1455 and maybe 1471. Anyway, that's just pulling some numbers out of thin air.