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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (67006)	2/22/2003 12:28:08 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 209892

my appearance means the market is ready for a big movement...perhaps a bowel type. actually, I'm kind of bored. I cleaned out some of my account $$$ last year to provide funds for a project that kept me very busy thru the end of the year. I'm making some bets now on the long side, looking for a continuation of the 'up' from October lows...an up that will ultimately fail after MMM breaks up thru its longterm wedge towards the 140's area....and YUM looks like it should be drawn to $20 area. one thing I find interesting is that so many indices have gone back to their 1998 levels.....EXCEPT BTK.....so IF there is a continued rally in the market, followed by a plunge, it would seem to me that the BTK would take a stiff dumpola, so I will be looking at the short side of AMGN around 56-60, which would visually appear as a 'throwover' up above it's wedge. could be mucho el stinko speaking of stink-o ..I continue to be BadSmells in the background