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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 (18858)	12/8/2002 7:53:35 AM
From: LTK007	Read Replies (2) \| Respond to of 30712

That i have no argument, if going into Friday the market was out of imminent danger PPT would not have acted, imo. I believe they watch charts obsessively . And yes, a critical TA point, such as that Red Line on SPX would be a place, in view of the impending employment report( which i am sure they see in advance of release) that would swing them into action. Actually now looking at the red-line on the SPX it was a TA crisis point because a major sell-off would put the SPX back into the near term Bear Channel. A long black candle on friday would have occurred at a point it would have done devastating damage on the still "bullish" trend.Max