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Strategies & Market Trends : Classic TA Workplace

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To: the-phoenix who wrote (127622)1/3/2006 2:31:10 PM
From: The Freep  Read Replies (1) of 209892
 
Decent reversal possibility in AMGN and QCOM as well as the indices, as you mention. And frankly, as lame as it sounds... if the oil patch is trending up, then I expect the broad market to, as well. Still, today's day one of the year, oftentimes when "new money" floods in, or so I read. Maybe there's some more jello-y correction involved here and we reverse by the end of the week?

Until then, MC or not, I'd have to agree with ya, phoenix. A bit higher on the non-tech indices, and I'd be short term very bullish. 30 point intraday moves on the Naz sure had been rare lately...

the freep
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