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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Johnny Canuck who wrote (37786)	7/24/2002 9:03:19 AM
From: Logain Ablar	Read Replies (1) of 67937

Hi Harry: I believe Donald Sew had class 1 buy signals with yesterdays close. I believe the buy in day is today (who can pick the bottom??) but this would only be for a s/t trade. I believe Zeev is also bullish @ this level but expects a v bottom today (his turnips have been too optomistic on this drop). Considering all the doom and gloom I'm reading and now hearing of J^P shorting (CNBC was promoting it this AM) an intermediate term bottom is close in time. Agree 100% on a retest. Without a sucessful retest there is no base for any long term (3 to 9 month) buys. Also QLGC raised guidance in their cc. Positive on the next quarter. They did indicate they expect overall IT storage spending to be down so growth will not be as robust. MCDTA raised revenue guidance 7% for next quarter. Tim

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