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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Softechie who wrote (42360)1/22/2003 7:03:18 PM
From: Terry Whitman  Read Replies (1) of 52237
 
No, not looling for a coordinated pump. I just look at how Europe is doing in the morning before the US markets open. If it's down big or up big, that's the way the US market will go initially. Europe was down pretty hard, so I dodn't expect much from the markets today. The NDX did better than expected really.

Sometimes there is a turn around mid or late day, but you can almost always count on the initial direction being the same. The bigger the move the more you can count on it.

I believe we got a 9.0 TRIN5 today. Am gonna check when the last one of those was.

edit- Only 8.6 today. Last 9.0 was Dec. 10. and was a ST low. The bigger low was the last 8.0+ Dec. 30. That's the line of death here. No real support after that down to THE lows.
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