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Strategies & Market Trends : Take the Money and Run
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To: Challo Jeregy who wrote (16286)8/27/2002 10:53:20 PM
From: Augustus Gloop  Read Replies (1) of 17639
 
If the SPX would run I think we would have a great opportunity to short or use puts. To me it looks like 969 is the deciding number. If we print 970 its really a good chart. On the other hand I still think we're going to dip and test those July lows. With bad earnings, lack of trust on Wall Street and a confrontation with Iraq looming I just can't see a REAL rally happening. I suspect we stop at or before spx 969 and then print 930. After that there's nothing but air until the 880's and then the 830's.

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