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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (68471)	2/2/2004 7:28:41 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Thanks! That's certainly interesting!

To: William H Huebl who wrote (68471)	2/2/2004 11:05:51 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Well, looks like the market is fighting to defend 200 DMA on the 60-min chart. It's about to be taken out - the market is already below it, although one should always give the market some potential to whipsaw. The next target is 50 DMA on the Dailies. So, I think it is shortable in between, keeping in mind that target price. I'd short at 10400 Dow, with a target of 10200, for good 200 points. Would not touch it, yet, since some folks will still try to bounce it here.