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#1 da_cheif

da_cheif

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Posted 05 April 2007 - 03:43 PM

the 10 day offsets of the clx will be supportive for the next turn impiricly on april 10 .....wed and thursdays nothingness with a drift up to the prior gaps leaves 2 or 3 days for the boys to take it down into www in preparation for this months pay day....as you can see the 30 dayoffsets of the clx have turned the 30 day clx ma upward....in the event that a decline is not conducted into www the 10 day offsets after the 10th will in all probability accelarate the trend......todays nominal testing of the 12581 dows 75% retrace....came within 9 pts...enuff for guv wirk......so.....on the flip side with AAII showing nearly 70% out of the market......being prepared for upside surprises is a must.......using only the hedging tactic under the current conditions.....all of course imho. am long the big contracts and shorted the es against them at tonites close ;) ...yall hava great weekend....gonna be in da big apple...