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Strategies & Market Trends : Classic TA Workplace

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To: Terry Maloney who wrote (33116)	3/5/2002 6:19:55 AM
From: AllansAlias	Read Replies (3) of 209892

Yup, lots of bullishness here and most swing bears I read have either capitulated or are clearly feeling trapped. The Dow/XMI turns back today. A doji wouldn't surprise me. If it doesn't, I become a bull. SOX has to weaken today or tomorrow. If it doesn't, I become a bull. In both cases, the weekly sticks are what I am planning around. That is, where we will likely end the week. It's very simple. If I do become a s-t bull, I won't just unbox my short today. I would wait a few days until we have out next correction. Hopefully, we'd see the ears come back into the game and it would be on that weakness that I would unbox. Lots of charts look very good. Good volume. Nice breakouts. Big deal. I have never seen a turn where this was not the case. Think about it. If a push up did not look good then we'd all get rich 'cause shorting would be easy.

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