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

To: Michael Watkins who wrote (1443)	2/28/2001 12:49:00 PM
From: Michael Watkins	Respond to of 52237

12:39 PM: ND futures already broken support, only air below. Its still within range of recovery but it would have to be *RIGHT NOW* And on queue... buyers have appeared and its trying to hold, both the SP and ND futures. I'm out of the office and not trading this, but I would right about now be looking for a safe place just underneath the up bars to place a sell stop limit on the chance that it rises into the range (this is all 5 min bars I'm looking at) and then clunks down and out. Way out. At some point if it firms I'd just cancel those un-triggered sell stops and look for a retracement to buy above. That was friday's move, worked well although I have less and less appetite for even playing short term long bounces. EDIT: maybe that means its 'the' bottom lol! Kinda doubt it but I sure would like to see this hold up until Monday for my own selfish reasons.