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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Bob Biersack who wrote (11711)	2/7/2002 4:31:36 PM
From: Susan G	Read Replies (2) \| Respond to of 26752

Tell your wife I think she is one lucky woman <g>

To: Bob Biersack who wrote (11711)	2/7/2002 4:36:33 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

Here's the Nasdaq 15 minute chart with the downtrend line. It has stopped us each time we've touched it since 2/3, if you look at a longer term chart you can see it. This line is why after 4 down days and everyone looking for a rally I'm still short! The only time I thought about getting out was the 2nd time we tested that line today. It stopped us on Tuesday, never even got near it yesterday and we totally reversed there twice today. This is the line to watch. It drops daily. When this is broken to the upside, it will cause a good rally, but I wouldn't doubt if the first break is a trap since everyone is watching it and first breaks often fail. home.earthlink.net Blue is 20EMA, red is 50 EMA and the pink in the upper right corner is the 200 MA.