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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (61652)	12/14/2002 10:03:51 AM
From: JRI	Read Replies (1) of 209892

Regarding bearish charts: On the Monday we spiked to 1520, charts were throwing off mostly bullish reads (recent breakout), and yet, that would have been the perfect price point to start shorting this move. I guess my point being: If we stop at some resistence point, it will only be in retrospect that the charts will recover...by then, one could miss many pts. in the move waiting for confirmation. I gladly wait for a "meat" move (3 of 3) but I don't think we've had many of those lately, so one must play (more) s/r? I do agree with AA that their is genuine bear excitement now, and bulls seem a little flustered...that, plus low volume/Xmas, make me ponder a "surprise" upside move after not too long..I guess I'm also rooting for that holiday move to drive AAII bear # into single digits ng, g

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