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Pastimes : The Big Tex House of Coin

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To: Jeff who wrote (16743)1/17/2001 5:39:45 PM
From: Robert B.  Read Replies (1) of 19297
 
Of course. The one day I don't read Hahn!

Now, we need the market to drop until the 24th. Then, I'll know what to do that day and one week after (Fed meeting).

From last night...
One must be wary of the manifestation of the bullish potential in Nasdaq to plow through its overhead resistance line on a quick gap higher run that triggers buy stops above overhead resistance lines. That's probably going to happen tomorrow morning, as long as the CPI number is neutral.The problem is we have been in a sideways rally since December 20. A gap higher tomorrow is probably just a last gasp exhaustion of the three week rally and will not be sustainable.

Here's the gap he predicted.

quote.yahoo.com^IXIC&d=5d
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