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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 (19704)	12/12/2002 7:57:58 PM
From: Jeffrey S. Lillie	Read Replies (1) \| Respond to of 30712

i included the five data points where the spx was in an uptrend and here is what on average the next two trading days look like in spx from a close of 901.5 today. i have the four to give a range low friday 892-894 likely close friday 905-910 likey high point on monday 915-920 looks like we are going up for a few days. typing that made me want to add the data for a downtrend. It is very possible we have peaked and are in a downtrend now. if that is the case and i use the 4 days worth of data, then tomorrow could shape up like this on average. drop 26pts to 875 (very CRITICAL support) then bounce 10.8 pts to close at 886 for all our longs sake i hope we are still in an uptrend, because if we drop to 875 it is pretty much game set match on da bull. j