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


To: nsumir81 who wrote (27921)2/8/2003 8:18:26 PM
From: ajtj99  Respond to of 30712
 
Good point about BB's. I usually emphasize that, but this chart supports your point:

stockcharts.com[g,a]daclyyay[d20010108,20030208][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J8221256,Y]&pref=G

No real rallies without a lower BB hit, and none that flagged out and dropped like we have after a BB hit.



To: nsumir81 who wrote (27921)2/8/2003 9:35:33 PM
From: mishedlo  Read Replies (1) | Respond to of 30712
 
I am not sure we "REALLY" rally for quite some time.
I guess my preferred scenario is a daily rally from oversold to mid-stochastics followed by a DBLOW in that area. The question is when does it start? I think before not after expiry. If we do not have some sort of max pain rally, I think we just fall for another two weeks. Then we get the war rally every expects. Since everyone expects that I doubt it.

Thus I think we have a small rally to max pain or close to it sometime expiry week. I think that rally fails by Wed of expiry week and we head back down. A one day headfake at the start of war perhaps followed by a gap and crap that takes us to the lows.

Something like that.

M