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To: The Freep who wrote (11660)8/29/2001 9:03:31 PM
From: AllansAlias  Respond to of 209892
 
Yeah, the favoured blue line sees more giving, maybe even a retest, but no ugly new lows in the S&P. The alternate there, the red line, is ugly and it sees new lows below what the chart can show.

The important thing is to keep the bias short until bully whips you out and you are forced to switch scenarios. If you are wrong, and the alternate comes into play, you are very happy.


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