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Re: GEN: Market Direction



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I am close to taking a short positon.  All that is needed here is a strong sell off to move my hourly indicators from overbot to oversold.  I will close my long position and go short.

Steve

>>> Johnny Storm <iceman_nrg@xxxxxxxxx> 08/17 7:04 AM >>>
Hey RT's

I don't know about you all, but my gut feeling is the market is setting
up for a fall.  My long term indicators have gone "bearish" (5/6) and
my short term bias for today is "down".

We had three market Bias indicators on TRADEHARD.com pointing downward,
plus my own indicators (3/5).  I am curious is anyone reading the
market like this today.

Ochoa (Hedgefund Manager) went short yesterday and is looking for a
target of 1325 in the next couple of days.  


So, for the day I will be looking for short trades on the 5 minute
bars.

JS

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