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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 (19142)	12/9/2002 6:11:28 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

No matter where we turn here, I believe 1391 will be the high and the inflection point. After tagging 1391 again, we may again head down to 1319 for a H&S neckline. 1352-1391 is a 50% re-trace of the drop from 1430-1352 (if it happens). Take A=C and you get 1313 COMP (1391-78=1313). That would form the neckline and give us the opportunity to make a right shoulder for options expiration or beginning of the year around 1430 COMP. The beauty of this is that it would have an implied target of around 1108, so that would work well for a re-test of the lows. Just thinking out loud here. Nothing in stone.