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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (17819)	1/2/2002 7:57:18 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Mish, we printed hammers on the COMP and NDX today. That indicates reversal of the downtrend if we have confirmation tomorrow. Most of these have been pretty reliable during this rise off the Sept. lows. Look at Nov. 12, for example. I think it will be clear if we have breached 2002 and 2012 on volume to the upside. That is not too far away. If we breach 2012, 2065 is the next target, so you have lots of room to get in and make some money. 2065 should give us some initial resistance, but delta hedging and short covering could take us by it if we do not go down significantly off a double top at 2065. There is nothing wrong with waiting to make the right move. Some of the best trades I've made are the ones I didn't make.