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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	4/9/2003 8:38:20 PM
From: The Freep	Read Replies (2) of 209892

I know it's time to be bearish and all <g> but it seems to me that in tech we're near some decent supports. NDX/QQQ not far above 50DMAs and bottom of bollinger bands AND the recent lows. The TRINQ closed at 4.01 today, too, and that should yeild a bounce. I admit individual stocks I'm looking at don't look too swell, but I just gave them a glance. Non-tech confuses me more. I'd rather see a deeper correction, and even in the wiggles when I thought I'd counted a 5 wave move down, we got this late day plunge. Support in non-tech is a little further down, so maybe we get a divergence? The Thursday a week before expiry has been giving us some pretty wild moves, as I recall, so maybe tomorrow will gap down and ultimately run up or vice versa. Still, that TRINQ keeps me from being too bearish. the freep, who shorted AA a penny away from the HOD, so is convinced it is going MUCH higher very soon.

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