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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (8206)	7/28/2000 8:21:10 AM
From: charlie mcgeehan	Respond to of 49816

morning all i know i'm going to trade in smaller lots today - probably 1/2 positions only. i'm going to include a quote from a subscription service i use. while it doesn't give any definitive answers it does make you think twice about today and probably confirms what stan has been saying. "the nasdaq TRIN reached its highest level yesterday since 5/22 (when it spiked to an extreme oversold level prior to putting in its correction low two days later). while yesterday's reading is far less dramatic, it suggests that the comp is the most oversold it has been in some time. on the other hand, the possibility that the 6/2 gap will finally be filled in after the nasdaq's recent inability to hang on to the gains of recent weeks looms on the horizon."