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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Alan Bell who wrote (2116)11/14/1997 9:09:00 AM
From: Cynic 2005  Respond to of 42834
 
Alan, <<"I told myself I will double-up on my longs if all indexes cross 50 DMA.">>
In April, around 20th or so Nasdaq, S&P and the DOW were hovering around the 50 day moving average. A decisive break of this 50 DMA was technically a bullish sign, as per some technicians. At the same time, Bob had a "gift horse buying opportunity." I wanted to go with the technicians and Bob and double-up (i.e. margin, agreessive call buying etc) on my longs. Clear? -g-
-Mohan


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