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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (70421)	4/4/2003 1:57:37 PM
From: jjstingray	Read Replies (1) of 209892

Bob, I think your point is a good one. But don't make it more difficult than it needs to be. Trade the setups until they change. Currently the C up scenario looks good. If the indexes fall below thelow from this week, then the scenario is toast. I think anything below 1030 or so on the NDX and that scenario is gone and it is a signal to go short. Here is another bit of information I follow that leads me to believe we go higher. AJ always talks about this indicator getting within 5% of the Bollinger Bands is significant. It usually signals a rally when those BB's are pierced as shown here. stockcharts.com[h,a]daclyyay[dc][pc10!d20,2!f][vc60][ilb14!la12,26,9!ld20!lp14,3,3!lk14][J9854748,Y]&pref=G

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