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Post# of 79025
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northam43

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northam43

Re: SaintAvarice post# 5516

Tuesday, 09/27/2005 4:16:26 PM

Tuesday, September 27, 2005 4:16:26 PM

Post# of 79025
Long is the best place to be right now, if your trading out further than one day. The $NDX RSI(5) is at 35.6. If we go below 30 buy more longs. This market is going to retest the 50 DMA at 1590 before it heads south, that would probably put the RSI(5) above 70, then I will go short. We have had 3 up days, we were due for a pullback. If I'm right I'll rub it in. If I end up wrong I'll admit it. I'm not a Bull or Bear, I'm just following my chart.

If you noticed I don't use words like horrendous, or other catastrophic language. Just the facts!

Good Trading to All!

Lindy

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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