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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject3/22/2001 9:27:59 AM
From: velociraptor_  Read Replies (4) of 37746
 
My plan of action for today....the charts clearly indicate more downside. In fact, the consolidation in the Naz and S&P are declining channels (you'll see them in purple in the 15 minute charts at my site). These consolidations imply that 50% of the move is over meaning that the sharp decline we saw after the FED news should be repeated. Given that, there may or may not be one more little pop. I hope so, because I plan to load up on the Puts this morning.
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