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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (36966)6/12/2002 9:15:30 AM
From: John Madarasz  Read Replies (1) | Respond to of 52237
 
yesterday was the last day of the weekly reporting period for the COT. It will be interesting to see if yesterdays rally from support was short covering induced.

I'm inclined to believe distribution still occurs on the way down...so i'll probably miss the boat...again<gg>

regardless, the most healthy action would be a consolidation at or below these levels...and that's what i'm looking for



To: Paul Shread who wrote (36966)6/12/2002 9:21:14 AM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
Check out the TITAN/TEMPEST. Almost 3 to 1 short. Amazing how those Rydex guys are almost all perfectly positioned for the coming collapse. <g>

Just noticed that NDX is within 12 pts. of last years lows. bigcharts.marketwatch.com

>Guess it wasn't the dumb money buying yesterday<
Depends on whether you think the Rydex traders are right or wrong. They've been more right than wrong lately. Especially on the SPX..

The number of the day- NDX 1089.



To: Paul Shread who wrote (36966)6/14/2002 10:31:04 PM
From: John Madarasz  Respond to of 52237
 
looks like short covering might have entered the equation a bit on tuesdays pop

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