Ask DrBob Message Board - Msg: 17449895

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	5/10/2002 6:11:44 AM
From: shoreco	Read Replies (2) of 100058

I'm buying this dip.... I'll be away from the markets today because I'm going on a field trip with my daughters but I just wanted to say that I like what I see in the charts.... Technically I could see us trading up for the next couple weeks while still holding the longer term down trend line.... (This would keep the bears happy) I get the feeling we'll get a little whipsaw action into next week as the options players reposition, but at the same time I feel we're really going to run in place for the next week, with a slightly upward bias.... I'm using just above Wednesdays opening prices as an entry point and will be adding through the gap and I'll use just above Tuesdays lows as my stop loss.... EOM Shoreco PS This in not a recommendation to buy or sell any stocks, it is merely one traders opinion on what I'm seeing in the charts and how I'm going to play it....

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