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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 (23073)	1/9/2003 9:19:54 AM
From: Jeffrey S. Lillie	Read Replies (1) \| Respond to of 30712

looking back at my 60 min sto analysis it turned out to be highly accurate. it said min down was 23 pts. we got almost 24. the sto has hit now broke 20 level and a move up is possible now. i still feel we need to consolodate/drift lower after the green open. if index gets to 920 i will look to add deep ITM puts for a move towards 900 (may only get to 905-908) j To:GodfreyDaniels who wrote (22621) From: Jeffrey S. Lillie Tuesday, Jan 7, 2003 3:08 PM View Replies (1) \| Respond to of 23078 useful data on spx 60 min chart in 5 of the last 5 instances where the full sto on the spx 60 min chart has gone above 85 and then penetrates 80 goning down, it has dropped to the 20 line or lower. in one instance the spx got to a higher level (2 days later) but then dropped like a stone. spx 60 min just crossed the 80 line and is now at 77 ish. if market rallies, the cross will be erased, but the time is near. in the 5 instances the spx dropped (50,24,23,64,30) from the highs set while sto was above 80. on this run our high has been 931/932. based on this data the minimum pullback is 932-23= 909 before the sto bottoms again

To: Jeffrey S. Lillie who wrote (23073)	1/9/2003 11:05:15 AM
From: LTK007	Read Replies (1) \| Respond to of 30712

a break to sell on seeing AVs broken or a major bull blast breakout as AVs are left in the dust. Again the market revealed it is reacting strongly to any crumb of news it can spin to bullish, in this case a 389k initial claims. This shows that IF E.R. tomorrow is somehow brought in as positive surprise the market will likely explode and run hard upwards all day. I remain thinking "da boyz" will lock out the impending war talk until it happens. I good example of how market mind works a floor trader said the warnings yesterday be great news because this means analysts will be lowering estimates now so that when earnings come they will look good and that will help the bulls. Big time money is churning to make money out of volatility,imo. They take that 389k(best since 12/21/2002--wow!:) and hit those buy buttons. If market moves hard upwards off E.R. any near term reversal to bear side is shattered in my opinion(though down days will of course be in play). We are in situation where for the time global news does not matter but economic news does, and it is being traded heavily, as i remain thinking this is churn by and large and the futures and option playing is where the big money traders are working the most for their profits. Also a bad E.R. may only play to AV marks and we have bounce then, anyway. Again, as Justa states, until we once again get past expiration it is hard to tell what is going on when no main trend is alive and forceful. Max