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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (3228)7/9/2002 5:14:36 PM
From: Lone Ranger  Read Replies (2) | Respond to of 30712
 
Rich,
Everyone's looking for a rally. That's what makes this bear so tuff. All the fine TA people here, and I'm including you and I mean no offense, and all the talking heads and the public and me too. But you know what? We're in a bear market and a major bear market. To me, much more risk on the long side until..........? I too, have some long positions and I can't understand for the life of me, why I haven't closed them out. I would be much better off just continuing to short the heck out of this market without the hedges. But good luck tomorrow.



To: Rich1 who wrote (3228)7/9/2002 5:22:39 PM
From: john722  Respond to of 30712
 
The Retrace Looks for Different things on

different Indexes. The Comp calls for a bounce and the S&P
looks like the Top of Range is in. A Bounce would defend the Monthly Neckline on the various H&S Patterns. After
Bush's Get Tough Speech, confessions might accelerate.
In Sum, I don't know where we are headed short-term, but
my money is betting down at least until March 03.......
If they can Bounce the Naz to 1700, I'll be shorting with impunity.


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