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

To: Lone Ranger who wrote (30221)	6/20/2003 10:26:50 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 30712

LR: I don't have a feel at this point. A top must be in and the daily trend must turn down first. I posted this in early June. So I guessed at a top and hit it and had the retest right but thought we would go to July before a retest: Message 19003551 So far, there is a good indication that the top might be in for the NDX. Retest has thus far failed. The BPNDX crossed last night both the 13 and 20 ema. Rsi is weakening. There is internal deterioration. They broke an uptend line this morning on the compq. after the 60 minute had a bearish reversal yesterday. If it sticks into the close, bulls are in trouble -- their biggest trouble in some time. But it is opex so claiming victory as a bull or a bear on this day is open to question. Anyway, it would be hard to tank this thing before the Green Sugar Daddy does his magic act. But I do think this market to have the potential to give it all back before the autumn is out. But there is fair chance even so that the lows will hold on the next turn down.