Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 692.24

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Jan 15 4:00 PM EST

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To: Johnny Canuck who wrote (41147)	4/29/2004 10:00:28 PM
From: Johnny Canuck	Read Replies (1) of 69808

Buy signal generating going into the close on COMPX and SOX. Watch for an openning gap down to enter your longs. A break of the low in established the first hour of trading should be you stop loss. A break intra-day of the low level should take you back to the sidelines. Intra-day counter rallies at 8:30AM and 11:00AM PST. Taking out the high or low of the last 3 or 4 days is a sign to get long or short depending on the direction of the break.

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