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

To: Square_Dealings who wrote (32641)	10/12/2000 8:26:50 AM
From: donald sew	Respond to of 42787

Michael, >>>> Brinker is calling this the "get out rally" ahead of a sharp decline. I agree with him fwiw. <<<< I did not like the way the SPX was diverging from the DOW and NAZ to the downside. If that continues today, Im pulling out of my long positions(UOPIX). I also noticed a lack of strength in yesterdays rally per my short-term technicals. Its a bit subjective, but when I got patterns similar to yesterday specificly in my short-term technicals, the immediate response in the past were stronger. In all of the previous cases the response was at least a flat day if not up. Yesterday was still down signifcantly, so it is not following the patterns of the past. Basicly, if we are not up strong today, I will be closing some of my longs and initiating short positions.