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Nasdaq's rally takes it right to a resistance point and completes a potential
ABC pattern in what has been an ongoing downtrend. Closes in Nasdaq 100
above 3594 confirm the new trend is now up. Reversal patterns in this area
today or tomorrow suggest trend might still be down.
Scheier
Jim Greening wrote:
> Guy,
> Looks like your timing was right on this time. great call!
>
> JimG
>
> ----- Original Message -----
> From: "Guy Tann" <grt@xxxxxxxxxxxx>
> To: "Metastock User Group" <metastock-list@xxxxxxxxxxxxx>
> Sent: Tuesday, May 30, 2000 6:39 AM
> Subject: Time to buy
>
> > List,
> >
> > For those who have watched our last several trades and noticed that we
> seem
> > to be getting in from one to two days early, today might be the time to
> sell
> > everything short. :)
> >
> > We have gone long everything this morning and closed out our short DIA,
> QQQ,
> > and SPY at a profit, much to the surprise of one member of the list who
> > couldn't refrain from making a snide comment or two. :(
> >
> > I tried to buy some OEX Calls this morning and discovered that Schwab
> didn't
> > have me set up for options. Oh well, I've already sent in the form to
> write
> > naked puts and calls, maybe that will handle it.
> >
> > Guy
> >
> > Paranoia...you only have to be right once to make it all worthwhile!
> >
> >
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