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Strategies & Market Trends : Swingtrade

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To: Brandon who started this subject	4/5/2001 8:38:11 PM
From: Brandon	of 336

Today was a very nice day to the upside. After the half hour high was broken it became obvious we would have a trend day as those who are short covered and bottom fishers jumped in. We had a trap in the Nasdaq and SP500..a very emotional setup which, dispite the common wisdom that gaps will fill...continues up..at least for that day..usually a few 80% of the time. Try not to get too caught up in the bottom fever though. DELL is going to meet already reduced estimates..yeehaawww yippie yippie...but they wont say a word about the future..hmmmmmmm. Stay on your toes. Brandon

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