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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: d. alexander who wrote (24098)	10/20/1999 11:08:00 AM
From: d. alexander	Read Replies (1) \| Respond to of 68284

Covered CNCX at 21 5/8 & went long at 22. Maybe a bit too soon :-( Bad timing cost me almost 4 points on CMDX yesterday (in that case, didn't go long). Woke up this morning & thot - that was finding a bottom (on CMDX) that I was watching yesterday. It got to support & (while I was waiting to see if it would go through) it paused for an hour or so, then reversed FAST. In a good market (context). Today, covered CNCX, it reverses and....stops :-) from Harry's site, Optionsource (not to mention Clint was already here, set the course...) Today's Market Timing Comments For morning of 10/20/99: The indicators (mostly the equity put/call ratio) still indicate that large market gains are very likely in the near future. What continues to be uncertain is whether that will come immediately or after a drawdown of two to three percent.