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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.40

-1.1%

Dec 17 4:00 PM EST

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To: j g cordes who wrote (16364)	6/4/1998 5:10:00 PM
From: Clint E.	Read Replies (1) of 69088

Jim, I don't know about Starr but there was positive bias in the market in the afternoon when NAZ didn't test its morning lows(stayed above 1750) and DOW kept above 8K. That was one reason I covered when NAZ was at 1755 but I decided not to go long for trading reasons. Once DOW came back and NAZ made a new intraday high of 1760, things just got rolling and traders chased stocks in a good old momentum playing fashion. I am 100% in cash and somehow that feels very good for now. Clint

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