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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (7449)8/31/2005 7:32:58 PM
From: Joe Smith  Read Replies (2) | Respond to of 12411
 
I just don't see it. THis looks like a big EOM, end of Summer DCB to me so they can come back from the Hamptons and distribute at higher prices. This bounce is short lived IMHO. Wednesday will send us down at the latest.



To: GROUND ZERO™ who wrote (7449)8/31/2005 7:40:38 PM
From: c-hl  Read Replies (2) | Respond to of 12411
 
SPX/NDX/RUT all have 2-3 weeks up spirals aimed new highs.

I remember the Fed meeting is on 9/20.



To: GROUND ZERO™ who wrote (7449)8/31/2005 7:55:08 PM
From: c-hl  Read Replies (1) | Respond to of 12411
 
just want to double check with u.

In terms of NDX spiral, would u use 7/7 low at 1484 as CP and tighten the wall against Aug high for the big down spiral?

That is what I use. And it officially broke the wall today when I was out. :(

I bot at 1582. Will add more on dips. The up spiral is quite big so the momentum should last longer.