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

To: Susan G who wrote (17281)5/13/2002 8:32:16 PM
From: Jorj X Mckie  Respond to of 26752
 
looking at the VXN and the bullish percentages, I just don't see how we are positioned for a breakout rally. So I have been assuming that any rally is just a shorting opp.



To: Susan G who wrote (17281)5/13/2002 9:30:02 PM
From: Frederick Langford  Read Replies (2) | Respond to of 26752
 
Susan,

I agree a lot had to be short covering. Last Friday, everyone was proclaiming the Friday/Monday mantra. Bears were very confident. Many went into the weekend short.

This market is absolutely nutz.

Fred



To: Susan G who wrote (17281)5/13/2002 10:02:58 PM
From: ajtj99  Respond to of 26752
 
Susan, NDX 1282 is a double top and also very close to QQQ Max Pain of 32. That may be the target, although 1272 may also work as a lower high and a Fib of the first leg up.

The ramp job is not surprising, but it is quite impressive nontheless.

Great charts and comments. You are quite the trader, IMO.


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