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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (36445)3/15/2002 10:50:50 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 68093
 
[madtrader]
Fri Mar 15, 6:45am PST $COMPX
COMPX just ticked on 1850, a key Fibonacci number. Time to back up the truck and load them up! I am going long a bunch of QQQ calls and other key NDX names. long QQQ

[madtrader]
Fri Mar 15, 7:34am PST Market
This morning I told my wife that I am so bullish about the market, it isn't even funny! She asked me why? Well, because I got that same feeling (of course it's more than feelings, I see it from the charts) that I have the week after September 11th. That I believe the market is in the process of making a major upside run. What is most interesting, is the fact back then when I told people that I was incredibly bullish, people looked at me if I was high on drugs. And I get that same response right now. That means nothing, of course. With all seriousness, we are at a major Fibonacci inflection point, and the price volume behavior that took place is the text book quiet period before a major upside burst. So, you head it here first. long even more