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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (8828)	3/31/2003 4:55:46 PM
From: LTK007	Respond to of 11447

i am thinking that as my annotation attempts(that result in computer lock-up) on stockcharts.com occur just after the close, i am thinking it be too high traffic that causes the problem. here is the SPX i have been using but will just make comments here without annotating chart. I can safely say the failure at the blue square has put our Primary Bear Trend line in a very safe status. The area contained in the blue square is a "chunk of concrete" that needs be drilled thru(due to the overhang shown by the P/V). The 200ma is at 887 now, and the 200ma has thus far killed every rally for ages(except for brief blows above that quickly fail). We broke AV at 50, but for me,48.5 is still "iffy", but it is now on bear side of 50 at this monent. The blue tertiary Bear Line remains uncomprimised. I would watch Full Sto and RSI together regards AV--you can see Full Sto has yet to test AV. Regards near term, if SPX goes to oversold on 60-min we could hit 830 before a decent short term bounce. the chart SPX Daily stockcharts.com[f,a]daclyyay[df][pb20!b50!b200!i][vc60][iub14!lp14,3,3!ld20][J11052420,Y]&listNum=1

To: Softechie who wrote (8828)	3/31/2003 5:08:27 PM
From: LTK007	Read Replies (2) \| Respond to of 11447

this applies to your PM---IF ISM number is bad, PPT may jump in then, exactly as they did last time. Last time a bad ISM number came out and the PPT was buying like mad. We will see, but a key point is if we break 845 but say start running up at 837, we KNOW that is PPT, as that would be a "mid-air catch"---830 would be a support bounce. (mid -air rallies are a violation of TA,imo). Max p.. with Chicago and Philly numbers being so bad it is inconceivable that ISM could surprise unless jiggery-doo is applied.Max