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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: Soumen Barua who wrote (6121)3/21/2002 8:20:45 AM
From: moufassa7  Read Replies (1) | Respond to of 13660
 
I think the NAZ will go higher. The NAZ gave another bullish divergence with yesterday's close. Until a market rally gives a bearish divergence or a decline shows a bearish confirmation, I'll trade from the long side and maintain a long core position. These non-confirmations do not mean that a rally has to start immediately, they are an indication of less selling pressure than the previous decline.


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