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Strategies & Market Trends : The Thread II

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To: Mike E. who wrote (7611)	11/21/2002 12:07:08 AM
From: Ian McGuire	Read Replies (1) of 9026

hey mike...sorry for the lag time in responding, been out all day and just taking stock of things now...the vixen never ceases to confound, does she?...i was well convinced we were going to test 1347 today -.....this was sposed to be so routine..lol...test 1425, retreat to 1325ish(which we did), bounce to 1347-1360, retreat to 1280ish, bounce to somewhere less than the 1325 mark before 3rd legging down to possibly the 1225 area before regrouping and making an assault on 1425 again...so much for the textbook..lol...it does seem we may pierce the aug 22 hi in the near future....we of course have to be aware of the traps set for the breakout guys, yada yada....the 200 ma's are sitting not too far overhead alot of these stocks, hard to imagine them thrusting through...but technically speaking, i think this rally sucks..hehe....i think it is undermining a very sound bull run that was starting to shape up nicely....i think the .50 cut and this (ppt induced?) rally have sacrificed the near/medium term for some self gratification in the short term....really hope im wrong on that...sorry for the rambling account....will try to give a better answer when i get caught up...i

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