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Strategies & Market Trends : Classic TA Workplace
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To: The Freep who wrote (62365)12/30/2002 3:29:38 PM
From: Shack  Read Replies (3) of 209892
 
I like your read on NCEN. Stop should be the recent highs. Nice risk/reward.

I just entered some QQQ 24 Jan calls. Two main reasons:

1) Bullish SOX wedge 195-min chart (3 weeks old)

2) Assuming we don't tank into the close, we look to put in a hammer on the QQQ

3) I suspect that Softie is in a flat corrective up off the 13th. Into the 'c' up now.

4) Friday's TRIN

Been a while since I have had a long of this size. Likely only a 2 or 3 day hold.
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