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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 (26183)	1/25/2003 12:24:07 PM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 30712

i've got it reversed from you: monday down, tuesday flattish. either way, net, two days to the good for shorts. a mini-run from wednesday also makes sense to me...

To: Jeffrey S. Lillie who wrote (26183)	1/25/2003 12:35:53 PM
From: Softechie	Read Replies (2) \| Respond to of 30712

Next week is way too early for a run...week after is month-end...they need to buy that week for month-end statements...

To: Jeffrey S. Lillie who wrote (26183)	1/25/2003 12:53:33 PM
From: ajtj99	Read Replies (3) \| Respond to of 30712

Jeffrey, if this is a 3rd wave of a 5-wave drop, that scenario is quite impossible. If this is the 2 of 3 of 1 off the 1100 highs, we should rise probably no more than 15 NDX points on this bounce. The next drop should take us down to around 938 if we bounce to NDX 1012 and drop 1.618 x 46 (wave 1 of 3). Bollinger bands are a concern, as the lower one is around 970 NDX. However, if you look back at last January and February, we pierce those pretty good if we're going down. The bounces do not pass the 13-EMA on the daily, and the drops are somewhat relentless. We'll see how this turns out. If this is a 3rd wave down, it will be wicked bad mid to late next week.