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


To: JRI who wrote (20871)12/19/2002 7:28:44 PM
From: ajtj99  Read Replies (2) | Respond to of 30712
 
JRI, I haven't looked at any intra-day, VIX, VXN, or TRINQ charts yet tonight. I do think that while many think we get a significant bounce tomorrow, I think we may drop on our way towards the 50% re-trace area at 1315.

After hitting that area, I think we could rise and touch the 50SMA again at around 1370 or so (if it's still going up) before reversing again back down towards 1210.

Anyway, that's what would happen if this pattern with the 50SMA is repeating.