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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 (26215)	1/25/2003 5:23:07 PM
From: jjstingray	Respond to of 30712

Not a big deal? Are you kidding me. It is not the drop in dollar terms it is the psychological damage that it would do to the market. That is huge. GE is considered a big and stable company. You cannot put a price on that kind of damage.

To: ajtj99 who wrote (26215)	1/25/2003 5:36:01 PM
From: jjstingray	Read Replies (1) \| Respond to of 30712

Paul, you will appreciate this chart. I do not think we will see a significant bottom until that red -DI line hits 40 or so. Look at all the bottoms in the past, we have been above that line. Plus we failed at taking out resistance where the blue line sits. Does not look good. stockcharts.com[e,a]whclyyay[d19950102,20031202][pf][vc60][ilb14!la12,26,9!lg!lp14,3,3!lk14!lah12,26,9!ll14][J9099666,Y]&pref=G In addition, looks like we just got a D-blow on the RSI. Fugly. Jeff