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

To: JLS who wrote (12500)9/1/2000 11:27:22 AM
From: stan s.  Read Replies (1) | Respond to of 49816
 
Well we got within 15 points of what I've thought (what the chart says) would be a legitimate top before we pull back.

I simply reserve judgement on what we do at that point, 4274...if we ultimately fail it there on a close in the next couple of days (and it seems likely we fail)...we drop and test support area.

I try to let the charts tell me what to do, they were screaming sell before each of the last 2 downturns this year on the naz, as they almost always do.

This is getting interesting again!

Stan



To: JLS who wrote (12500)9/1/2000 11:27:32 AM
From: KevinMark  Respond to of 49816
 
Yeau, Julie. I loaded the boat on the short side during the gap up this am. With energy prices continue to go up, you can bet they will have an impact on upcoming earnings, let alone slower growth sales. The VIX is at an all time low for the year, and not to mention we have a TON of lockup expirations this month. This month will be a consolidation month, IMO. Look to load up at the end of it though, or the middle of October.

KM


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