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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TradeOfTheDay who wrote (23809)	5/31/2000 7:01:00 AM
From: Jack of All Trades	Respond to of 42787

I think the new homes report will be lower, only becuase is there is less inventory...

To: TradeOfTheDay who wrote (23809)	5/31/2000 7:10:00 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

TradeOfTheDay, My short-term technicals were basicly in the overbought region but there is still 1-2 days before I would get a CLASS SELL signal; however that MAROZUBO gave the hint that today could be flat or down, implying that there may not be that much of a follow-thru as so many thought. Theres also that GAP from yesterday around 3200. Im not saying that the market/NAZ will or will not set LOWER LOWs, just that we may be nearing a short-term top. If the news is good, we should still see a bit of a runup, but for the time-being the futures are supporting that MAROZUBO. And of course that could also change on a dime. Regardless, if the market runs up today - Im kicking myself in the butt for not closing the ULPIX(long-SPX) positions yesterday. Not that I was so sure that we would pull back, just that yesterday was a huge up day and I should have simply taken profits. I may still have a good level to take profits today. Thanks and seeya