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>>> "Steven C. Walker" <Steve@xxxxxxxxxxx> 10/05/97 01:49am >>>
All three equity markets (DJ,SPX, and NASDQ) are at or above their
upper Bollinger Band limits. The NASDQ is the most over extended.
Monday, Oct 6 is a Time Day for the NASDQ so I am looking for it to turn
down. ORCL seems to be a likely candidate to play the turn. It is a
NASDQ stock and has been weak of late. It completed a Cooper
Slingshot short pattern Friday. I would look to go short ORCL at 35.375.
It closed Friday at 36.875.
Let's see how this works out.
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ORCL did not hit my short sell target today. Tomorrow is a Time Day -1
for the NASDQ but I did not identify a good prospect from my data base.
Will stay on the side.
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