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BlissBull

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BlissBull

Re: xe2dy post# 3024

Sunday, 08/01/2004 12:57:02 AM

Sunday, August 01, 2004 12:57:02 AM

Post# of 51821
xe2dy - You're right, ziggy was referring to post #3014 by dimension...

"
my immediate strategy is to remain short unless the NDX takes out it's daily 20ema, which repelled the advance friday and which has been a good CONSERVATIVE buy point when trying to catch a new leg up this year. After each of the previous bottoms this year, once the mkt managed to close above it's 20, it went on to make a new highs. Ofcourse, this time, after the 20, we have the 200ema to worry about...the previous failure to climb back above only a few days ago led to the largest decline on the NDX this year; will the market remember that in the coming days?"


-Bliss







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