Ask DrBob Message Board - Msg: 14422048

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	9/20/2000 8:09:41 PM
From: indexit	of 100058

Charts are pretty much the same, mixed with the V shape bottom indicating further upside but with weak technical support. On the tech front I have about the smae number of longs as shorts. Still looking to short more ultilties and went short overnight with these and CHV. Very frustrating trading day. Sold off at open, some moves were smart, others soared 10 points. Could not get utility shorts off as mentioned in a previous post and then went long on techs at about the right time but got shook out. Tough market to trade. Not sure of market direction again but suspect dow is due for a bounce. NASD chart looks poised to go higher, but not much technical support. Now thinking over the next couple of weeks we could be headed down judging by the money stream on a number of indexes. Also I do think the news out there is bad, and has long term consequences.

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