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Technology Stocks : INTEL TRADER
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To: John Harton who wrote (8397)5/20/2000 9:25:00 PM
From: Trading Machine  Read Replies (3) of 11051
 
Dear creeping doubt:

I went in at the close on Friday also John. All (or most all) of my indicators lined up and said go fur it stupid. There are only two things that are nagging at me.

I looked at the VIX and noticed that one of my primary indicators say that it could go up and the odds are really against it going down. It can meander sideways for a few days but eventually its going UP. So being the contrarian that I am....

The second thing is the three identical black crows on NDX with the last one a closing (and opening) Marubozu. The texts tell me this formation needs NO confirmation, da selling aint finished yet.

Also Berney pointed out to me that SPX could have finished about 4-5 points higher and made us feel more comfortable, either we're right on the edge or slightly over it - I can't quite tell which yet! ggg

So all this together tells me to be nimble and at the slightest fly spot on the wall, I'm outttttttaaaaa HERE! That said because I'm trading a 401 I've got to guess whats going to happen at the end of the day and what will happen the next day if I stay in (or go out). A crummy way to have to trade.

BUT my indicators say "here we are again", normally I would expect these to occur 2-3-4 times a year and so far I have traded five times this half! C'mon Big Al!! Go for it babe!

Thats the sum total of my knowledge, I'm like you, QQQ oughta pop for a coupla days, say until Wednesday or Thursday - maybe? I hope you make a big pile on it!

CU Paul K.
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