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> Boy the list is quiet this morning. This is classic buy
stuff.
Perhaps the classics were also hinting at the
mandatory fade in the Dow at the resistance in the cluster of the 200,50 and 20
day moving averages which happen to fall in the war zone between the 50% and the
61.8% retracement of the last leg down which intraday happens to be at the
same price as a 3 little indians climax pattern after a large gap up open on the
spooz with a failure rally back to the breakdown shelf (also an bar 3
handle flag) and then new lows on the day being printed leading one to
beloieve that the opening gap will be filled, in which case since the day is
about to run out, the Daily bar will have printed a bearish candle (this latter
stuff for daytrader interest only) and that in turn will be a 123 reversal setup
per jeff cooper's book.
Them classics. Good old days, as they
say.
Gitanshu
Long DOW
backspreads.
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