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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 (19705)12/12/2002 7:52:02 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
Further to my point on the 13-EMA on the SPX weekly and the 20EMA on the COMP and NDX weekly charts.

This is what we need to be watching and aware of right now. When we close below the 13-EMA on the SPX weekly going into a weekend, you'll know the rally is done and a re-trace or test of the lows is on.

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

You can see quite clearly on that chart how important that is on the SPX.

Fight that fact, and you'll most likely find yourself on the wrong side of the trend.



To: ajtj99 who wrote (19705)12/12/2002 8:07:57 PM
From: Jeffrey S. Lillie  Respond to of 30712
 
at the time of writing this you hadnt seen my last post. you have by now. this historical crap has been an exercise for me to use as a guideline. if it works great if not, no loss since i already have the puts. iwont be getting more as i will be looking to sell the ones i have and buy calls at the LOD and ride her back up.

this data has close friday in 905-910 range which is well above the903.7 and falling 13 ema on weekly.
j