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

To: Justa Werkenstiff who wrote (19784)12/13/2002 8:03:48 AM
From: t2  Read Replies (2) | Respond to of 30712
 
Justa, I guess you are looking for a down move on the markets. Do you have any dowside targets?

As I see it, as long as the dollars declines and bonds are not selling off big....means equities have to drop. Only a sudden/sharp drop in bonds (ie. yields going higher) gets me to cover my shorts quickly as strange as that may seem. That probably happens only if dollar has a bit of a freefall, which is unlikely at this point; A slow, steady declines looks more likely and that keeps me short equities.



To: Justa Werkenstiff who wrote (19784)12/13/2002 8:06:16 AM
From: ajtj99  Read Replies (3) | Respond to of 30712
 
As long as the 50EMA holds on the NDX, we can still be pointed up. As long as the 13-EMA holds on the SPX weekly, we can still be pointed up.

If those two fail to hold today, I think we can kiss the rally goodbye.


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