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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (5964)4/15/2002 7:00:07 PM
From: Dan Duchardt  Read Replies (1) of 33421
 
John,

A break down below 80 would be very bearish.

Made some nice profits on a small IBM put trade. Left a bit in a MAY80 just in case. If it's gonna break, it will likely be soon. With Dow closing below the support levels from July and August, I thought we would see some real damage today, at least a test of 10,000..

stockcharts.com[w,a]daclyyay[dd][pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G

But they ran the Naz and S&P futures up some this evening, so who knows.

Dan
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