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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (2700)	12/23/2006 3:41:34 PM
From: skinowski	Respond to of 2852

Interesting... Busy now - let me play with the charts later today and/or tomorrow... I'll get back to your post.

To: Moominoid who wrote (2700)	12/24/2006 4:45:21 PM
From: RealMuLan	Read Replies (1) \| Respond to of 2852

Some charts

To: Moominoid who wrote (2700)	12/24/2006 5:32:30 PM
From: skinowski	Read Replies (1) \| Respond to of 2852

IWM closed below its 50 dma for the first time since early August, and so did NDX and COMP. The declines - so far - are three-wavers. I think SPX under 1403 - 1400 would become more interesting from the bearish side. The sentiment, from what read, is bearish - in a contrarian sense. If the trend is still up, the markets should rally pronto. If the bounce is not energetic, who knows, maybe the IT trend is about to turn. Nothing is forever. Got a few trading books... "Entries and Exits" by Elder, "Trend Trading" by Brown, and this one: amazon.com Started the last one first. Interesting. Something you may like, actually.