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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (38463)	5/8/2002 8:04:50 PM
From: The Freep	Read Replies (1) of 209892

Allan -- I'm curious why you didn't put on 1/3 of your short today, as that's the strategy you've been discussing for a few days (in case today was "it"). Is this change simply cuz of the overwhelming strength today -- the resistance that was taken out implying that there is more than likely another up coming, and also being highly unlikely that we'll gap down so far that you won't have time to enter shorts if you see failure? Or was there something else? Sorry I hadn't commented on your strategy before. It seems quite sensible. I'm trying hard to be patient, so I also didn't short yet, cuz that's gotten me in trouble on every bear rally these past many months. Also, re: CSCO's huge move on massive volume. The difference between today and October, of course, is that a bunch of the move was done on a gap up. But if it follows the pattern here, the Naz is gonna have a lot more juice still to come. the freep

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