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Re: skono4 post# 315619

Wednesday, 10/27/2004 10:22:15 PM

Wednesday, October 27, 2004 10:22:15 PM

Post# of 704019
>>Hi Robb, do you actually hold long and short positions in all the charts where you indicate the trading position? That's an awful lot of balls in the air.>>>

Hi...no actually I tend to choose between 5 and 8 of what I feel to be the better setups when the market is in a positive trend. I prefer to swing trade and rarely daytrade unless I get stopped out. Also somewhat depends on my level of confidence in the markets and the particular patterns. The fact that we put higher lows in on some of the major indices is a major positive...we still have the downtrend line to clear around the 1980 area and then its likely off to the 2025/55 area. From there we may need to backtest the 50/200 day SMA's which are close to crossing back over in bullish fashion. Havn't seen ya over at the EI Board lately???

Take Care....Robb

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