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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 (19148)12/9/2002 6:55:13 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
I was just checking that out. First, here's the NDX daily chart showing today's close right at the falling resistance line off the highs:

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J6471081,Y]&pref=G

Tomorrow that line will be at 995-1000, and Wednesday it will be around 960.

As for the BPNDX, it crossed the 20EMA by 0.50 points on the daily:

stockcharts.com[h,a]daclyyay[d20011104,20021209][pc20!c13!f][vc60][iLl14!La12,26,9][J6530226,Y]&pref=G

Normally when the cross happens and the weekly turns down, the top is in, and we're going down. That lines up with the H&S scenario.