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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (1607)	1/9/2004 11:57:38 AM
From: mish5000	Read Replies (1) \| Respond to of 3432

Well, the trend since March 2003 has been up. We have consolidated in a tight 200 point range for months. THE break was the UPSIDE not the DOWNSIDE as many had expected. In order to feed this rally, it's necessary to move the index rapidly into the chosen direction thereby eliminating most stand 'buyers' AND squashing the shorts out of the game. You could be right, perhaps 80% of the move HAS already occured, but that's why this rule is so beautiful yet so difficult to interpret - because WHAT IF IT HASNT? As I said the SOX has JUST broken out and that to me is a strong indicator that the COMPX isn't exhausted just yet despite this parabolic move higher.... The charts point much higher to me. I don't care about 'magical turns' or 70 year old trendlines, I have to trade what's infront of my eyes... And I see higher.