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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (8798)3/23/1999 12:57:00 PM
From: Death Sphincter  Read Replies (2) | Respond to of 99985
 
David....might not be a bad idea, looking for the relief rally.....first rally off the break is usually tradable......this downer off of the 1323 certainly appears to be the confirmation of the reversal......a s-t relief rally could make a few bucks on a quicky.... with a sell the rally mentality to follow

BS



To: Bull RidaH who wrote (8798)3/23/1999 1:22:00 PM
From: Arik T.G.  Read Replies (1) | Respond to of 99985
 
David,

>>Well, it looks like all your criteria were just met... Does that mean it's time to cover shorts and go long for a s-t relief rally? <g>

Yeah, that too.
But what it really means is :

1. Downside potential today is huge
2. We should see lows lower then October in a few months

ATG


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