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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 (21062)	12/21/2002 2:19:30 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Jeffrey, your targets were partially based on lower Bollinger bands, if I'm not mistaken. Those have moved lower since that time. The NDX lower BB is around 975, and that's also the location of the middle BB on the NDX weekly. At one time we had thought the support was at COMP 1350 or so, but the real support appears to be at 1319 COMP, the November pivot low. The former pivot lows are now also providing some resistance (with help from the 50SMA's.) Let's not forget our basic support/resistance things. The NDX and COMP both breached their pivot lows at 1368 and 1019 respectively. Currently they are testing the underlying support at NDX 972 and COMP 1319.