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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who started this subject3/19/2002 8:51:12 AM
From: ajtj99  Read Replies (1) of 99280
 
COMP gap at around 1906 is still a possible target, as is a .618 re-trace at 1908. With the Fed at the end of the day, I would suspect we'll see the usual narrow trading range until 2:00PM and the obligatory dump after the Fed meeting. However, we have some important IPO's to price Wednesday evening, so I would suspect any significant drop may not come until after mid-day Thursday.

Watching the gaps to see if they get filled, then shorting them.
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