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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (114512)	3/9/2005 7:31:49 PM
From: The Freep	Read Replies (2) of 209892

I also don't think it's time to short at will, JJ. I think it remains time to go long bullish setups and go short bearish ones, as both seem to be working on stocks. I'd say unless your wedge breaks to the downside (which could happen) the bigger trend remains up in non-tech. That could change, and banks do look icky again, but oddly, today didn't do any damange in tech-world. SOX still looks fine, etc. And we ended with a high TRIN to boot. We could be starting big down, but we've been saying that on many a down day this year. ER might very well have nailed this perfectly, but now the risk reward probably means waiting for the first bounce... if we keep sinking. the freep

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