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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Gersh Avery who wrote (24599)6/27/2000 3:03:00 PM
From: donald sew   of 42787
 
If the NDX closes negative and better if it closes near its intraday lows, I will initiate a UOPIX(long-NDX) position. I dont have a CLASS BUY signal yet, just that we still have to USPIX position(short-NDX) and I want to balance them out before the FOMC announcement tomorrow. Also, it is helping since the NDX is in the oversold region.

I may also go initiate a URPIX(short-SPX) since we already have a ULPIX(long-SPX) position creating a fairly even hedge since the SPX is not far from where we got the ULPIX, and that my short-term technicals are in the midrange for the SPX.
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