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Pastimes : QQQ & DIA - chat & chart

QQQ 608.86

+0.1%

Nov 14 4:00 PM EST

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To: Jon Khymn who wrote (175)	11/10/2001 1:56:51 PM
From: Jon Khymn	Read Replies (1) of 795

Reviewed Nas 1 yr, 3 mo, 1 mo, & 10 day chart again. Gotta give credit to uncle Greenie, he still has some magic touch left. Other than one year chart, short term and mid term charts' 'future trend' has changed from down ward to neutral. 1/2% cut and economy boosting package and positive comments must have changed the mood of investors. Negative trend line of short term and mid term are no longer there. Greenie seem to have tilted the line. He has bring back down ward line to parallel line. We are back to delicate equilibrium. Little push from either side will tilt the balance from here. One thing is sure, uncle greenie made a right choice and boosted the confidence of the investors. On long term, down ward trend is still there. Expecting rock bottom to be still 1200 - 1250 area. In conclusion, cover short term and mid term shorts at 35s (or get out at 41 which ever comes first) And keep rest 1/3 short for long term.

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