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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (7486)3/5/1999 11:18:00 PM
From: JACK R. SMITH JR.  Read Replies (1) of 59879
 
Trader,

I present myself as a friend of the court here and as a frequent longer looking pest.

My trading range in the S&P 500 has held for a long time. Any breakout to the topside should be viewed as a buying opportunity, and any breakout to the downside as a selling opprotunity. Strangely and in spite of the recent rally, we remain within my trading range.

I am viewing decreasing market breadth here with well, let me summarize here. Cash is good!

Which cash--

U.S. dollar--looking for a near reversal.

SF, DM, BP should move in opposition.

Gold seems to have assumed its own and moves in contravention of the U.S. securities.

Certainly a time to "Closely watch your stuff", as I see it.

Best to all,

Jack!!
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