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


To: ajtj99 who wrote (4371)7/30/2002 1:26:53 AM
From: pressboxjr  Read Replies (1) | Respond to of 30712
 
FWIW, CSCO and a few others, Nas included formed a "Three Inside Up" candle pattern today. Bullish reversal pattern with high reliability.

Do I think we could fill the gaps? Sure. But I will be on guard to see how we handle any kind of down move.

Also, fwiw, SMH formed a "Morning Star" on the daily chart. Have a look.

Now, after having said all this, I am not completely clown long here. In fact, I agree with your opinion on the NDX and will probably buy some puts for a scalp. More like will go with DJX puts though ;)

Good luck

Cheers