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Strategies & Market Trends : Classic TA Workplace

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To: steve from ihub who wrote (115942)	4/3/2005 3:35:40 PM
From: Shack	Read Replies (1) of 209892

Yes Steve, there are some broken charts in the near-term. I am happy to take on shorts with a clear set-up from here, but I am also comfortable on the long side as well if the set-up is strong. If we are indeed into a cyclical (b) of B down (hell, the semis have been in their (b) of B for over a year!) you can expect years of slop n' chop and I believe there will be many plays on both sides. Although likely more on the short side. I'm not sure what kind of down you are expecting but while I expect there will be nastiness in many individual issues, the indices may not oblige with wholesale declines.

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