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

To: bcrafty who wrote (71662)	4/18/2003 1:46:58 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 209892

bcrafty.. i think based on my charts and Bullish Percents of the 3 main indicators i watch, the trend is up now... in the SPX chart, i use this for my main chart..845 would be a solid pullback area...there are not a lot sellers out there...many fund managers will be buying any meaningful dip..as they continue to focus on the second 1/2 of the year... i felt that the 1st 2 Q's were already discounted.. as for me selling??? i am heavily long and have been now for 4-5 weeks..i will not sell automatically, i'd rather wait and let the market take me out of my postions with the use of stops.. i find traders often times lose hugh gains by exiting too soon in a trending market...major mistake... so if we reverse down this week or next it matters not to me..i'll wait patiently and continue to trail up my hard stops...