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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Mike E. who wrote (101776)5/1/2000 1:53:00 PM
From: Marshall001  Respond to of 108040
 
Mike, I just took a position in FNM.. It seems to respond well during NAZ sell-offs. Its old school but reliable. Its at the bottom of the channel at 59. Top of channel is 65. FNM rarely red more than 5 or 6 consecutive days. Today would be day 5. Down from 65 this time last week.

Long at 59 1/4. GTC Sell order already placed at 66.

M



To: Mike E. who wrote (101776)5/1/2000 2:00:00 PM
From: stan s.  Read Replies (4) | Respond to of 108040
 
picked up some bweb and mrvc on the dip, let's see if we make a run for the high this afternoon. strange day, only a little over a billion at 2:00 eastern.

just trading, will only hold anything if we make an eod run for a morning surge.



To: Mike E. who wrote (101776)5/1/2000 2:10:00 PM
From: stan s.  Read Replies (2) | Respond to of 108040
 
watching for the possibility of the right shoulder you mentioned here...would raise the sell trigger to 3905. too early to call but not too early to watch. if we go over 3955-3960 or so we should start to clear out that particular pattern.