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

To: Shack who wrote (111449)	1/7/2005 5:13:24 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

If you look at hourly of XLE, it actually may be setting up as a potential zigzag. I've been eyeing it as a potential long, if it turns around.

To: Shack who wrote (111449)	1/7/2005 5:22:28 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Re: the banks... I am still holding BAC and JPM puts, 2006 and 2007 respectively. BAC made a three-waver off the highs. Looks a bit "flattish" to me, but we'll see. JPM chart is actually more bearish. MBI made 3 waves down, and is thinking what to do next. Somewhere above 63 I'd say it would begin to look like a long.