Ask DrBob Message Board - Msg: 20046210

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	4/20/2004 9:25:16 PM
From: shoreco	of 100058

It's 2:30pm, do you know where your Greenspan was...LOL... Amazing free fall by the market in the final 90mins, but it looked the same as the day the Fed met back on Jan 28th... The DOW & SPX went into a 6-day sideways consolidation after that before going onto new highs, but the NDX and COMPX never looked back... Once again the Dow fails to hold above a major trend line it held for the entire rally, but for the last 6 weeks it has flipped and flopped above and below it... The moves above it are subtle, but the moves below have been violent... I guess it's a good thing that MOT blew away earnings as that was the only thing that stopped the bleeding (for now)... Mr. Markets indicators are on the ropes and while everything points to a larger move down here, I'm going to be a little patient as I believe they will still attempt another run for the roses... A 20pt move in the SnP in 90mins doesn't come along everyday, today was special...LOL... EOM Shoreco

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