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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Paul Shread who wrote (26149)7/28/2000 11:24:36 AM
From: donald sew  Read Replies (2) of 42787
 
Paul,

>>>> 50% retracement of 3042 to 4289 is 3666; selling just stopped at 3668. However, it seems unlikely that we could break 3700 without testing 3585 <<<<<

I agree. If the NAZ doesnt hit 3585 range today, it could happen on MONDAY and then the bounce to start.

Im thinking of playing for the bounce on MONDAY, but by playing a straddle with XLK options to be bought today.
The straddle to play both directions since the movements in both directions could be violent and very fast
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