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To: NOW who wrote (50579)8/18/2002 7:00:35 PM
From: John Madarasz  Respond to of 209892
 
Yes, bull horns are off for the time being. i'm still only 50% short here from the last couple days of moving in...and only in individual equities w/ weak bases and extended looking charts...no indexes.

i very well may cover the next few days if things look like they want to chop around sideways higher for the next couple weeks... and let the weeklies max out.

i am looking for retest of lows, and probably new lows by October / November.

I got a bad feeling



To: NOW who wrote (50579)8/18/2002 7:08:04 PM
From: John Madarasz  Read Replies (2) | Respond to of 209892
 
I think it's plain to see here the possible implications of a change, and fundamental shift, in the world currency dynamic.

boomspeed.com

The data and chart is from lg...the annotations and H/S formation with neckline is my work

(that's a 43 degree angle of ascent on the 1995 trendline on the longterm chart from 1971, and a neckline that's already been tested 3 times)


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