ZenWarrior's Trading Paradise Message Board

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Strategies & Market Trends : ZenWarrior's Trading Paradise

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To: ZenWarrior who wrote (102)	4/3/2001 11:40:43 AM
From: manfmnantucket	Read Replies (1) of 2462

Zen, as I recall you were thinking 1825 was a/the bottom for some reason ... 1835 looked more like the upper bound of a steep downtrend to me. As it turned out, NAS did reach 1850 or so before correcting course and heading back down. Message 15581753 personally I thought 2K would be The bottom, but I got a strong "top" signal from my personal indicator at 2760, just after the Jan 3 FOMC cut the market became extremely overbought - after that NAS headed up to about 2800 - but the signal was good for 1100 pts of drop this time; I'm sorry I didn't buy puts as my paper-trading strategy dictated! I don't think my indicator has signalled a bottom yet. MfN

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