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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (68471)2/2/2004 11:05:51 AM
From: Real Man  Read Replies (1) of 94695
 
Well, looks like the market is fighting to defend 200 DMA on
the 60-min chart. It's about to be taken out - the market is already
below it, although one should always give the market some
potential to whipsaw. The next target is 50 DMA on the Dailies. So, I
think it is shortable in between, keeping in mind that target
price.

I'd short at 10400 Dow, with a target of 10200, for good 200 points.
Would not touch it, yet, since some folks will still try to bounce it here.
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