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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 (18868)12/8/2002 4:28:25 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
So, Friday's reversal had nothing to do with two trendlines converging with two Fib levels on the COMP? PPT just saw the need to take care of it coincident with those chart marks?

FWIW, I know a guy who programmed computers for one of the big brokerage houses. Don't underestimate the automated buys that take place when these levels are hit. It's T/A, that's all.