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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 (20875)	12/19/2002 8:26:49 PM
From: exp	Read Replies (1) \| Respond to of 30712

AJTJ, same as yours, drop to lower BB area around 1320 and then up to 50 ma around 1366-1400 (50 ma is still rising). Until today I thought we might rally from this level as the triple bottom and 50 ma still barely held on COMP/NDX. Of course, a bounce is possible tomorrow (or on any day). So what? The setup isn't right to go long just yet IMO. In general, from now on I'll only trade when "the setup is right". BTW, in addition to below 50 ma closes, we have a complete set of topping signals right now including BPs and NASI 20 ema crosses, weekly stos crosses, etc. Equity P/C ratio 21 dma is surging and the clueless Investor Advisors still at 50% bullish.