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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (30041)	2/1/2002 4:47:42 PM
From: Shack	Read Replies (2) of 209892

Short in SOIZE!-g Here's my map: Taking a step back from the wiggles. I have to think that bottom that non-tech put in is going to hold for some time yet. It was on good volume and since then we have had a clearly impulsive rope! I think it is likely an 'A' up and will eventually have a 'C'. But first it will retrace BIGTIME to recharge that ridiculous VIX. But afterwards there will be at least one more move up to go with it. As for tech, I would short any pop from here. The volatility measures are outlandish and the SOX move looks very corrective and tired. Off the 22nd low actually counts real well as a double '3'. Likely means some early down on Monday to go with this morning's swoon and then a nice rally into Tuesday before we get a nice debacle there. I will be shorting in SOIZE but not until then. It should be timed nicely with the retracement in the XMI. Have a nice weekend all.

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