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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (46593)2/23/2004 7:20:50 PM
From: Dr. Voodoo  Read Replies (1) of 74559
 
Ya, this one is a short term play for taco money.

On the short side, I would still look out, 1460 was tested, but it closed above. 1450 is major support before we could get a next big down. If that breaks, then I'll start looking major short. Until then, I kind of view this a big jello, with not as much downside as upside.

Also if you remember the last time when we hit the 50 day, a large hand came in and smacked the bear out of a lot of people. I am mindful of this as we are nearing another major turning point.

Voodoo
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