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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (31516)5/22/2000 9:51:00 PM
From: IQBAL LATIF  Read Replies (3) of 50167
 
Look at the candle stick charts on big easy charts we have a long legged doji on DOT and hammer bullish on SOX PSE NDX, SOX PSE never ever tested that 200 days whereas SPX 1391 200 days MA was not violated, the only big if is that NDX technically has two closes below 200 days MA Comp already has secured this bearish feat, 3264 is well below 3286 level that needs to be crossed, from my own read as an technical purist on double close phenomenon that should have ideally been taken out, that one thing gives me some sense of concern that negates all these candle stick formation, the thing I have in my mind is that is market waitng for that SOX PSE 200 days test, much as I like to discount this as it does not meet my present set of positions honestly that is one negative that needs to be tackled by the market with a bland or lower opening but blast through that 3287 area.. fwiw..
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