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

To: mishedlo who wrote (24310)	1/15/2003 3:00:06 PM
From: Win-Lose-Draw	Read Replies (2) \| Respond to of 30712

that's not a fair characterization, mish. the simple fact is the trend right now is up. all the divergences in the world don't mean squat next to that simple fact. at this precise moment it is a bigger risk going short than it is going long. next week, that might change. but for right now... trend remains up. if you were going to load up one position and not look at it for six months, then maybe it would better to load up on the short side. but people who post regularly on SI aren't exactly the "load up and wait six months" type. -g-

To: mishedlo who wrote (24310)	1/15/2003 3:09:38 PM
From: ajtj99	Read Replies (4) \| Respond to of 30712

Mish, the bearish divergences have been there for 2-months. We've had one mostly down day and everyone is ready to call an end to the uptrend. All I'm saying is that's a bit premature in light of the underlying rising support. When I looked at Max pain a week ago, I saw 8600 Dow, 900 SPX, and QQQ 26 as possible Max Pain points. It appears we might get close. However, if we do get there, we will kill the uptrend off the 12-31 lows and possibly point the market down from here.