Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote ()	1/28/2000 6:07:00 PM
From: Walk Softly	Read Replies (2) of 108040

TRIN #s blew the roof off today... Dow 118 (was 122 in Oct 99, in the Asin Paniiced Dow of Oct 98 it reached 152) NASD 108 (104 for Oct 99 and 142 for Oct 98)..... so were near if not at the bottom of our correction..... When the value of the Traders Index is greater than 100, it signals that volume is moving in fewer securities, but this time on the down side. Fewer issues are perceived to be overvalued, and thus fewer are available for sale. As fewer issues are being offered for sale at current prices, prices tend to stabilize and a market bottom is signaled. I expect a contratrend rally in the next couple of days and I expect it to be powerful......... So if you were lucky enough to get in to an uptrending stock today like VIRS (I was buying in the low 20s) you could see some mega returns next week.... DJIA is near the low end of its 5 year channel and its cycle of consolidation is just about over... look at a 5 year log chart for best visualization.... Either I'm right or its the end of the bull....

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