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sorry - but too many wish , hope that these retracement levels come true.
it ain't gonna happen.
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> From: Hao-Min Jian <hjian@xxxxxxxx>
> To: omega-list@xxxxxxxxxx; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
> Subject: Wow, S&P just gets better for the short sellers~~~!!!
> Date: 04 August 1998 22:30
>
> Wow, S&P and INDU bounced off the support obviously at 1075 and 8600
> respectively. I am at least 97% positive that this break out is valid
and
> decisive; it is calling for more downside.
>
> Anyway, the double top in Dow calls for 8000 but we "might" not get that
> far. The 38% retracement level is 8457; however, with the way we're
> progressing, it doesn't look like it will hold. The next retracement
level
> 50% lies about 8175, which just about agrees with where the break out
> started between 8200-8250 which is what I think as the minimum target.
>
> S&P's picture is pretty much the same with 38% at 1063, 50% at 1023, and
62%
> at 983.
>
> Well, well, the only hope I see left for the long people is the 233 day
> average which is just about 8400 and 1037 on Dow and SP respectively.
>
> mines truly :)
> HMJ
>
> wahhh~~~~ in spite of NSPK, LSS, SMRT (I posted this :) and many of my
other
> shorts... My TRBD (one of my ONLY two longs) really bursted on me.
>
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