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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (9243)8/7/2001 2:16:45 PM
From: marginmike  Read Replies (1) of 209892
 
The same instinct that told me last week we would have a 2 week rally-g-. I just think that there are some indicators that need to come into line. rydex, Trin etc. I also think with the VIX at 23 and the markets on a cusp people are looking down not up. So i figure sideways up till options every one starts talking about all those BIG traders coming back from the hamptons. Then BOOOM! I also think we need some time to pass to get some negative econ data, and earnings warnings to fuel the downside.
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