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:: Sunday, July 14, 2002 ::

6:16 PM
OUR SMARTMONEY PROXYTRADER GAVE A SIGNAL THIS WEEKENDWe got a buy signal for one of the indices. Click on then proxytrader link in the left hand column for details.With the DOW sliding to 1997 lows this week, the Commercials accumulated Futures contracts and INCREASED their 58% bullish stance to 60% DESPITE THE SELLOFF. Our 13% protective stop was hit on 6/20 to exit flat on this trade at 9830. This week, with the pullback on the DOW and the INCREASE in net long Commercials for the last two weeks, we are going long Monday morning. Less risk tolerant will wait for first pullback from price increase 13% off of the lows which would put the buy price at 9718.


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