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Wow,
I know this is not a chat forum, as i've been warned in the past that i
will be kicked off.
BUT, I hope this doesn't become my 3rd strike. This IS trade related: the
nasdq is now down over 50 points with the 2nd hour completed. Interesting
to note, that translates to a dow down 250, yet only down 100, and those
spooz keep bouncing up....
I still feel in my "gut", which is nothing more than YEARS of watching
price action, that this "energy" if you will. The fact that the down is
not currently in pace with nasdaq only further strenghens my case later
today. All that stored energy, an hour or so before the close will turn in
to panic, mark my words. Look at the weekly, clearly closing below the 200
day ma, unless we SERIOUSLY rally over the next few hours? Also, if you
are long with one hour or so left today and we are down more than 50-100
points on the dow, would you really want to be long over the weekend????
this is the energy that has the POTENTIAL to be released in a dramatic
fashion later today.
time will tell...........
gary
hawaii
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