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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 505.14

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12:58 PM EST

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To: kendall harmon who wrote (20574)	7/12/2002 3:32:23 PM
From: Frederick Langford	Read Replies (1) of 26752

Don Sew's Chat Friday Afternoon (ROUGH DRAFT) Chat Notes 7/12 2:30 PM Daily SignalsINTRADAY READING) SPX, OEX : OVERSOLD DOW : CLASS 2 BUY COMP, NDX : LOWER MIDRANGE/near OVERSOLD Donald plans on legging into long positions as his signals reach the CLASS 2 BUY area. Donald thinks that the end of the capitulation process may trigger a rally of 18-20% or greater. If the NDX closes positive today Donald may open a small short position, as he has a mostly cash position now. Daily THREE BLACK CROW patterns have been formed on the SOX, SPX, OEX, DOW, and BTK. These patterns are bearish and can contribute to the capitulation process. Donald explained that he views capitulation as a process, which may be nearing an end, as the Bar readings have been going higher with time.

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