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To: The Freep who wrote (71024)4/9/2003 9:22:12 PM
From: the-phoenix  Respond to of 209892
 
I like 990 area for a bounce on NDX (200 day moving average and a strong fib support zone), but certainly not before at least a minor break of the March 30th low. There is some equal move support at 1005 that could hit in the next day or so.

SOX is looking good for a bounce off the 280-285 zone. Looking to buy some SMH at those levels.

Just a guess.



To: The Freep who wrote (71024)4/9/2003 9:53:41 PM
From: byhiselo  Respond to of 209892
 
all kinds of reasons to be bearish here but just feel that the downside trade is wrong...gut sez selling the end of war is the wrong move...may yet regret it

macro news flow is just awful...but no bells are rung when its not gonna get worse

eyeing the 60min inverse H&S on the SPX which targets 955+,
close below 860 or so invalidates, 75% long here and will sell out on a close below 948, add another 25% on close above 905

fwiw, don't like the bottom on the gold stocks and expecting HUI under 100 and a touch of the LT uptrend before
buying with confidence, it may touch the IT line at 130 from below before going down, PM stocks are a sell/short here and on any further gains imo

cheers