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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Clint E. who wrote (15685)	4/27/1998 2:29:00 PM
From: j g cordes	Read Replies (1) of 68357

Nice work Clint, the gold index traders are a pretty sharp bunch.. I've never seen them get too much out of wack with where interest rates are going to move. Note that gold is down today, there's no panic over rate increases or inflation. We took short positions the same day, I got earlier... gee its hard to go against the feeling that this market could still surprize with a reflex move to the upside just when everyone's having coffee on the port side. Added/Bought CYMI, FSCX (dog's getting ready to bark <g>), GDC (will actually go profitable with ATM sales).. thinking of adding CHIR (their ceo is v confident and my guess is the FDA will let loose some of their prospective drugs). As for the balance its a kinda fun nimble be quick market to trade. Jim

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