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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (67124)	2/22/2003 10:46:37 AM
From: AllansAlias	Read Replies (2) of 209892

My intention still is to book some at that Dow 8130 mark. I thought we'd hit that this week. You know, if I had been around during the day to watch the wiggles, I would very likely have been shaken out this week. I miss intraday entries much more than I miss intraday exits. The long consolidation that we had this week changes my strategy some. If we had gone to my Dow 8130 quickly, I would have booked more, but presuming we go to new highs on the Dow, vis a vis last week's high on Tue, I think we could overshoot 8130 by a fair bit, so I will keep more than I had intended. It's been a very interesting 6 sessions. The wall of worry was a lot steeper the sessions just before and after Blix. Sneaky GE, out of the recent low, has put in a 10% move.

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