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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: prof.Hacky who wrote (451)	5/10/2001 5:33:39 PM
From: patron_anejo_por_favor	Respond to of 6873

Prof, I read it the way you do...it's falling out of a rising wedge on the dailies, may bump up briefly to give us a right shoulder before dropping for "good" (after the FOMC?). stockcharts.com[l,a]gaclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lg] Best I can tell (Michail, please correct me if I'm wrong), Michail uses shorter time frames and relies more on momentum exhaustion or oscillators to time his buy/sells. On the 5 minute charet, there's actually a DESCENDING wedge that looks to be intact at the end of the day. Also, the OBV suggests declining selling pressure at the end of the day. stockcharts.com[l,a]gaclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lg] I hope he's right, because if it does rally another 5-10 points, it'll form a really pretty head/shoulders that I would trade off of. Regards Patron