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Strategies & Market Trends : P&S and STO Death Blow's

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To: jjstingray who wrote (4319)7/29/2002 1:05:18 AM
From: augieboo  Read Replies (1) of 30712
 
I had myself convinced that we were going to have a nice rally here, but then I re-read a few posts, took a good, long, hard look at my charts, and decided that the NAZ is just not ready. On the other hand, the NYSE looks about as ready as ready can get. And even Paul allows that we shouldn't see the next local top until Wednesday.

I figure there's just no percentage in a long play on the NAZ, unless INTC goes below $16.50, in which case I'll play it for a bounce.

Otherwise I think I'll play SPY & DIA. Heck, if the boring guys are the ones rallying, who am I to argue?

What's your plan/take on the situation?
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