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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (376)1/28/2002 7:43:49 PM
From: Chip McVickar  Read Replies (1) | Respond to of 207309
 
>>we needed to see a close today below 1130.42<<

Okay then today had to close below thursday's close and low (24th-1130.33)

Okay..., but it's worth watching.



To: GROUND ZERO™ who wrote (376)1/29/2002 1:49:23 PM
From: Chip McVickar  Read Replies (1) | Respond to of 207309
 
The SPX 3 bar pattern is still a weak set of bars.
There was a TP trend change at 10:00am

The players took the morning news as a fear opportunity and nailed the trend change. Some how this seems like a light tap and a buying opportunity, may wait for the 3:00 crowd. So far the buyers have stayed strong.

However, any more serious bad news coming out should close the gap of 1087 on the SPX with it's .382 retrace down from the Sept low.


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