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Strategies & Market Trends : Rainier's Column

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To: HeyRainier who wrote (58)4/14/2000 8:18:00 PM
From: Galirayo  Read Replies (1) of 106
 
[ The Naz resembled a double top. Naz 2900 is where the train makes its next stop with any serious capacity to decrease one's downside risk. ]

Yep I agree ((where is that gap anyway? I gave up my charts so as not to be tempted to participate in asset depletion (legal term in divorce)).

The Naz seems to have led in the Rally and the Dow has followed somewhat. Looks like the Dow could be a DT now. I think it may pull the Naz down a bit now if my thinking is correct. But then again what do I know. I'm outa practice.

>As for gap plays ...< We filled a Gap today on the Naz near 3452 ... one to go. IMHO ... would you take a look & give me the exact area of the Gap ... Pleeze ? It's somewhere near 2800 - 2900. It may not fill it on this wave unless it's a result of margin calls Monday Morn but I think it may fill it on the next Wave.

Or a really Good Online Chart with the hovering mouse pointer Daily Data feature would be Cool too.

I couldn't help but notice your new affiliation ... Congrats on your new position and the recent Stage Coach buyout proposal.

Great to Yakk at Ya again!!

Cheers!

Ray
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