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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: longdong_63 who wrote (3602)9/7/2000 11:52:28 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 100058
 
LD - IMHO everybody waits for a re-entry at low levels.
Relative low volume (675 mil currently) suggest that major participants are waiting.
But 4140ish (next resistance to be tested IMHO), we would be back in the 3 months old upwards channel again.

We could also have had a shorts squeeze, and resuming the downward trend

Also, if I am correct, tomorrow will be the day when futures front quarter will change to Dec (ND00Z, NQ00Z) and funds will have to update their tables. So, expected volatility ahead.



To: longdong_63 who wrote (3602)9/7/2000 12:44:00 PM
From: bcrafty  Read Replies (1) | Respond to of 100058
 
LD: re entry point

When you mentioned entry point around 3921 I got the impression that you are now in cash. Are you completely in cash or are you currently holding any longs? Still have your STLW?

I'm still trying to figure out what to do.