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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: jjkirk who wrote (19672)	12/12/2002 5:38:10 PM
From: ajtj99	Respond to of 30712

Falling 3-methods forming? hotcandlestick.com

To: jjkirk who wrote (19672)	12/12/2002 6:40:48 PM
From: Jeffrey S. Lillie	Read Replies (1) \| Respond to of 30712

BLack oxy and the day after.......... i went back painstakingly and looked at the last 9 instances where there was a black oxy on the ndx. I trade the spx options so i used the spx for this data. also, since they dont show gaps up and down on spx you will never get a black oxy on the chart. the data includes the following: spx price change at 9:38 am/total drop/rise from interday low/close/trend up or down and additonal gains avail on the second trading day after black oxy -8 -40 36 -4 down 0 -4 -24.5 0 -24.5 down 0 7.6 -1 30 28.7 up 5 -6 -18 6.3 -11.7 down 0 -8 -22 1 -22 down 4 1 -7 -12 17 5.2 up 15 -7 -7 22 15.2 up 20 -3 -3 10 7.05 up 10 -8.5 -16 2.2 -13.8 up 0 1 this is the only second day in an downtrend where addiotional profits could have been made on second day. additional money could be made on all but the dec 2nd (last table entry) black oxy's in an uptrend. avg drop at 9:38am 4.87 pts avg drop at low of day 15.94 pts avg drop at close .006 (big deal) avg rise from lows 13.8pts looks like spx ITM puts bought at close on day NDX has black oxy yield a nice trade with a drop of almost 16 index points. also a buy of the low yields a nice trade in spx calls with 13.8 pts. 23.8 pts on avg for the 5 instances when spx is in an uptrend and held to high on the second day. j