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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (22918)11/28/2001 3:12:32 PM
From: AllansAlias  Read Replies (3) of 209892
 
XMI has a real hill to climb. It has to climb back over the Sep lows UT line that's broken and get back into that range it spent most of today in. That's a helluva tall order.

Only two conditions could make me go long here:

1) A new marginal low per the scenario you are trading long right now. (It looks like it needs it. I know you don't care because it got close enough.)

2) A blast off that I would forego and look to get in on the pullback.

Shorts beware -- the entire down on tech is inside a bullish falling wedge.
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