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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: shamsaee who wrote (33725)	10/20/2000 9:37:42 AM
From: donald sew	Read Replies (1) of 42787

shamsaee, >>>> with the help of a friend who is mathematician and this indicator gave me a buy signal on 10/13 <<< You do realise that after that BUY signal the DOW did drop another 400 points. Sorry, but for those who played the DOW and SPX would not agree with you that it was such a good BUY signal. It was the 1st part of a double bottom for the NAZ/NDX. There are a few people who do play DOW stocks, if I recall correctly. There were some who also called the bottom on that time frame, and I had a CLASS 1 BUY for a short-term bounce, which was correct and there was a retest. And I and others did go long that day and closed those long positions right at the following short-term top before the retest started. Although I did miss the second short-term bounce it was with a much lesser amount than the gain from the 1st bounce.

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