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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (66596)	1/11/2001 3:40:19 PM
From: JRI	Respond to of 99985

LG- I am playing it 1/2 and 1/2...sold 1/2 of Q position at 63.44, and am holding 1/2, looking for an up opening tomorrow...and maybe a challenge of 2690 trendline...and then I will dump the rest (short-term only).. But given the huge move we've had since Mon. afternoon (really we've had 4 up days in a row...I am counting the bottom at 2300 as a complete day (unconventional, I know)...but that seemed to be the comformation bottom... Anyway, with the huge up move, I figure we will not break the 2690 trend line this go round...or if we do, it will be as you said, a token break, and then selling....how much more juice can we have here (for an up move)? (On the buying side)...there was a lot of buying the last few days...If this is truly a healthy intermediate term bottom (which I think it is)...we'll get some backing/filling, resting...before charging thru.....