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To: s berg who wrote (1165)8/9/2001 10:35:18 AM
From: HairBall  Read Replies (1) | Respond to of 1328
 
s berg: Looks like my 8/7 window was a little early. Can't win them all...but I like to try...<g> Not all of the projected dates are going to be strikes on the head of the nail, but if close they will help one to posture and plan in advance...

Thanks for the well wishes, the same back at ya...<g>

I did not see many AM major reversals so perhaps pivot lows tend to occur in PM.

Recent pivots in the AM for the NYA...7/19 high, 7/11 low, 7/15, 6/26 low, 6/15 low, 6/1 low, 4/4 low. Recent pivots in the AM for the COMPX...8/2 high, 7/11 low, 6/20 low, 5/16 low, 4/25 low, 4/20 high. Just a few...pays to just follow the intraday technicals to catch the moves. While I stated up front this morning I am looking to cover and go long that was more of a heads up post, I will, as always....follow my intraday technicals guide as to exactly when I will execute, that may well be the PM or I may be forced to change my mind...<g>

Regards,
LG



To: s berg who wrote (1165)8/9/2001 10:55:22 AM
From: HairBall  Read Replies (1) | Respond to of 1328
 
s berg: My "biggest" concern is...can MSFT satisfy at least a partial retrace of its Dec 00 Rising Wedge without causing the COMPX (NASDAQ Comp) to negate its 5/22 Falling Wedge. I have been expecting offsetting price action in other issues. Even though GE is not in the COMPX, I think it important it retraces some of the move of its 6/2001 falling wedge. The technicals look supportive, but one never knows for sure until the market plays out...

The NYA just penetrated the resistance line of its 5/22 falling wedge which should be providing support. Next major support for the NYA would be the 7/24 low (596.05) The intraday trending support line for the COMPX at about 1945 gas been breached which brings into play the support at the 7/24 low (1939.28) and 7/11 low (1934.67).

Regards,
LG