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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (44461)	8/27/2003 3:13:33 AM
From: IQBAL LATIF	Read Replies (2) of 50167

So what do we do? The fact that the market reversed after tailing lower is encouraging. This action sets up many pullbacks in sectors and stocks themselves. In fact, tonight I have more buy setups generated by my database than I've seen all summer. Most are in those areas mentioned above. Therefore, consider the long side but continue to keep it light because a) the S&P remains stuck in a trading range and b) it could be thin and choppy as Labor Day weekend draws near. biz.yahoo.com Looking to potential setups, Deere & Co. (NYSE:DE - News) in the strong cyclicals, still look like it has the potential to resume its accelerating uptrend out of a Pullback/Trend Knockout (as usual, if you need the rules, shoot me an email). There are a plethora of stocks setting up in the aforementioned semis. Take your pick. For example, Applied Materials (NasdaqNM:AMAT - News), like many in the sector, looks poised to resume its accelerating uptrend out of a TKO. Best of luck with your trading on Wednesday! Dave Landry P.S. Reminder: Protective stops on every trade!

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