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

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To: StockOperator who wrote (4142)3/26/2001 9:07:54 AM
From: JRI  Read Replies (2) of 52237
 
Paul Shread, SO- I think we will get some good indication today (of what's going on)...Futures pumped again, even though no fundamental good news...I focusing primarily on Naz here (although SnP's also pumped)....this, again, reminds of a month ago....when we got these big gap openings...and then no follow-thru...as if "the powers that be" want to distribute...

So, if the Naz can break the opening highs DURING TRADING....and let's say after first hour...and STAY THERE.....AND MAKE GAINS intra-day....then, I would say there is the potential for a decent rally here.....

But if it can't do this....and that would make 2 days in row...then it looks like the same old game...

Finally, looks like Naz may gap over important 1950 level at open....question is: How valid is this technically? Is this being manipulated? I guess we'll know soon...
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