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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (24524)	4/24/2000 12:02:00 PM
From: Kevin Shea	Read Replies (2) of 57584

FWIW... a look at the COMPX TA suggests that we have reached at least a near term bottom. Methinks that the "feelings" on the thread at accurate... the 4/14-4/18 bottom shows a reversal, today's dip is currently resting on the signal trendline..if it holds I'd be going long for a while...but I'm still watching the 3320-3340 range for a final wash/rinse... strength in the underlying TA suggests that if 3320-3340 is seen, it won't last long... I'm watching leading indicators, which often precede moves. The "active" indicator suggests a more controlled recovery, not a quick move. At least that's how I see it. Often we see a 3 wave cycle and we are now in the third wave. We may be seeing your 4d Margin dumperoski here,( if not just a stop cleaner, a final wash and rinse.

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