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Strategies & Market Trends : Trading SPY and DIA for Fun & Profit

SPY 682.06

+0.3%

Oct 31 5:00 PM EST

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To: James F. Hopkins who wrote (13)	1/21/1998 2:03:00 AM
From: Satyr	Read Replies (2) of 130

Yes i'm a daytrader for the most part and to be honest your TA is way above what i do. I'm basicly a chartist and the way I've read them is that the indexes are ready to reverse. I thought the excess late in the day was caused by short covering and once that was expended the market would resume it's downward trend. I should know early tomorrow if I'm right. Meanwhile ASIA is not exactly giving out comforting signals for the bulls. Add to that the negative reaction to IBM earnings and you have the makings of a reversal.

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