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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Moominoid who wrote (831)1/11/2001 11:20:04 PM
From: HairBall  Read Replies (1) of 12411
 
David Stern: But this looks much more like a wedge now than when LG was getting excited and going short

First all David, I don't get excited. Secondly, the charts I posted yesterday were "in your face rising wedges". I did warn it was possible they would be negated. However I made a percentage trade and missed. Surely you understand, sometimes wedges get negated.

Frankly, I think "very bearish on MDD" is a wrong characterization. I called for a short to medium-term bottom to occur last week on Tues or Wed, before the fact. I have traded a rally since. If expecting a pullback in a rally is bearish, than I guess I am guilty.

By the way, the 60-min NDX chart off the 1-8 low is beyond a wedge, it now plots out to a rising channel.

Regards,
LG
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