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

To: jjstingray who wrote (73224)	5/8/2003 9:28:53 AM
From: Shack	Read Replies (2) \| Respond to of 209892

I suspect a downtrend will begin here, NDX has a date with 1100 if that's the case, then we'll see what's what.

To: jjstingray who wrote (73224)	5/8/2003 9:37:24 AM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Well, I closed my puts at NDX 1119. That's the general area of the 13-EMA on the daily NDX. I can't get into stockcharts this AM, so I took the conservative route. If that H&S is real, we could go up, test the neckline, and drop back down to the target. That would really make the most sense to me right now. TRINQ was way overbought on the 60-minute (inverse to market) and that also had me a bit concerned. I think this gap fills in a very labored fashion.