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


To: JRI who wrote (4147)3/26/2001 10:00:55 AM
From: Paul Shread  Read Replies (3) | Respond to of 52237
 
INDU testing key 9650-9800 resistance here. A very important level, and one that will tell us a lot either way. NDX hasn't quite made it back to its upper falling wedge boundary/February downtrend line, which I think is at about 1745 today, but I haven't had a chance to look at the charts yet today.

Interesting that Value Investing is one of the top 10 threads today. The Washington Post stock columnist wrote about bonds yesterday after pushing optical stocks all last year.



To: JRI who wrote (4147)3/26/2001 11:00:21 AM
From: donald sew  Read Replies (3) | Respond to of 52237
 
JRI,

My short-term technicals on the NAZ/NDX are now clearly in the upper midrange and even starting to get very close to overbought readings.

As mentioned previously, once my technicals got to the midrange I would start hedging, which I will continue to do today by adding more shorts(USPIX). Im thinking of being only 15-20% long by todays close, with the other long positions hedged by shorts or closed.