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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (77698)	7/21/2003 5:51:28 PM
From: AllansAlias	Read Replies (2) of 209892

re: SINA There's nothing that is screaming that this is a "b" up, however, so I won't be playing. I agree. No evidence/odds here. Personally, I see no reason to even look at it as a short until price falls out of the channel out of the secondary low in March -- and that is a wee world away yet. Until then, to me, it's just top-picking. Hell, let the thing fall to $15, get cut in half, and then short it at $20 (or whatever). At least then you are hunting a severely wounded animal. Again, it may drop $10 from here for all I know, but that is not important unless one can make a case (a setup) that says that is likely going to happen. Saying that it is too high is not a case. Bears seems to forget that higher prices are bullish.

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