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Thursday, November 17, 2005

nov 17

yesterday a nice little rally off open,settled back into mid range but buying at the open would have been a good trade...nothing changed as far as 9intermediate/long term...caution called for and would be looking to sell calls or ust take profits


short term 1227-1236
intermediated 1175-1250
long term 1175-1250

note that ranges are lowering and volatility is not helping here..need a spike over 16 in the vix to show any type of buying opportunity

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