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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (31002)2/13/2002 11:51:41 AM
From: martin001  Read Replies (1) of 209892
 
It seems we are at a serious inflection point here.

I have a hard time going long here with VIX at 22+
And with the indices seemingly completed their respective
corrections. Zeev has posted today as turn date with
a local high of 1860 (with possible overshoot to 1880)
And looking for a decline to 1720.

That being said a strong push today would create
some serious short covering. The SOX seems to be the key
as a few chips are close to breaking out.
Then there is that ridiculous DOW 10K that seems to
create all kinds of good feelings when we get above that.

I am biased towaerd down but am waiting to see if we
can break that UT line from 2/8.
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