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One of the ways I determine an opinion on next days
direction is to run a daily screen on NAZ 100 and DOW 30 using my PivotTrend
Signal Generator. Last nights run resulted in 10 buy candidates and no sell
candidates. The expectation then was for higher prices today.
Also all of the signals were what I call secondary
signals in that they occur after a pull back from a primary signal given
earlier. This is bullish information for the market as a whole in that if they
result in long positions that exceed a previous high. The test will come at
those highs.
You may want to follow them yourself. The Trades
were:
All stop orders
DELL at 9.70
JNPR at 15.96
JOYG at 21.89
KLAC at 20.6
LINTA at 3.23
VRSN at 19.25
PFI at 14.08
OIH at 75.87
XLE at 43.71
GLD at 91.42 (The only loser)
Jim White
Pivot Research & Trading
Co.
PivotTrader.com
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