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Strategies & Market Trends : Moufassa's Lair
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To: heenalu who wrote (11855)2/7/2003 7:50:43 AM
From: moufassa7  Read Replies (2) of 13660
 
I covered because of the potential double bottom @ 1291. I posted that a potential drop to 1260 by today was possible. It still is, but the failure to break 1290 and the January jobs report this morning, seemed like a decent time to move to cash. The chart certainly looks bearish, but Iraq is the major market mover near term. The chart can change in a hurry if that outlook improves.
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