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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (8601)	9/12/1998 4:32:00 PM
From: Monty Lenard	Read Replies (2) of 12039

Hi Dave, "In fact, if you were to keep track of the number of stocks falling out of your scans you could USE THAT as a Market indicator. I have suggested that to many people over the years BUT have not done it myself..." I have been doing just that since last Oct and have kept a spreadsheet of the results. Then used Meta Stock to create a chart. It is really amazing what this shows compared to CNBC's market. It told me that the 7/17/98 highs were false and that there was a great deal of distribution taking place after the April highs (actually before but the momentum picked up then). Glad to see you posting again!!! Monty

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