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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 687.57

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Dec 10 4:00 PM EST

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To: Return to Sender who wrote (37612)	7/13/2002 9:16:47 PM
From: j g cordes	Read Replies (2) of 68949

Hi RtS, I see what you mean. I initially didn't read it as if it gets to 40- 42 it must go to 55, but rather that often 40 -42 will falsly lure many traders into taking long positions because it "was a very popular strategy leading up to the market crash." That's the gist of it I got from reading the whole article whose url I posted... however, thanks for pointing out the inconsistency. I'd been looking at the VIX and planning to trade long because it had hit the 40 area.. then I saw that hitting 40 can also be a trigger for a much deeper drop in the market. It should be interesting, the popular press is saying earnings (generally expected to be positive this week) will calm fears. Jim

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