LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Al Serrao who wrote (7942)	2/5/1999 1:19:00 PM
From: LastShadow	Read Replies (2) of 43080

If it looks like a duck, walks like a duck and quacks like a duck... Right now the SPX is down over 3.5% from its local maximum. About 1218 would be a full 5% retreat, at which point many major funds sell triggers kick in. If it just stays at thislevel through close, it will be below its 26 day moving average. The last two times that happened was July 22 and Sept 30, if anyone wants a sobering look at their charts... My only long is GMGC lastshadow

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