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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 693.87-0.2%Jan 13 4:00 PM EST
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To: Johnny Canuck who wrote (37017)5/15/2002 1:39:18 AM
From: Johnny Canuck  Read Replies (1) of 69728
 
Market commentary

Negated intra-day sell signals on the SOX and COMPX. Amazingly, we may actually get a more traditional 3 day rally. I expect the rally to be capped by option expiration on Friday. Thursday should see some profit taking and squaring of options. Unless we break 1585 to the downside or 1800 to the upside, I expect we are in a range bound market. A re-test of the low at 1585 would at least confirm a high low and set the stage for a rally later in the summer or early fall.
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