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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (59401)	5/10/2002 4:26:31 PM
From: stan_hughes	Respond to of 100058

LD - Could be. I've been watching for successful support tests down low that could then form shallow, more sustainable upgradient trend channels into expiry. IMO those kind of weak channels seem a more likely prospect of printing over the next 5 sessions than maintaining the slingshot trajectory we came out of Wednesday. The bounce point areas on my radar FWIW - INDU off of 9925 (maybe done today) SPX off of 1055 (also maybe today) NDX off of 1175 COMP off of 1590 I was hoping it wouldn't fill all the way in today, because now the Naz needs a weak open Monday, which might be a good odds-on long entry point to play the first part of next week, disasters over the weekend permitting. Bonus points - we're so near the old lows, you can set up some pretty tight stops from here underneath them. By waiting on Monday's open, it also avoids that weekend war worry - what more could a guy ask for.