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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (17688)6/12/2001 4:35:18 PM
From: Dale Baker  Read Replies (1) of 30051
 
Why do you have such a fixation with the opening or closing price, it is the most manipulated price of the day.

Just curious why you expected to break 2100 in the last 90 minutes after a rally. The upside turnaround could only happen by someone buying heavily for a short period at least - why expect an equal and/or greater turnaround to the downside? That would prove that all rallies were illusory and keep buyers out of the game next time.

Trying to understand your thinking at 1420EST......
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