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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Real Man who wrote (7185)	7/30/2000 11:09:54 AM
From: AllansAlias	Read Replies (2) of 436258

My fellow clown agitators and traders (There are a few.-g), I have spent the last few hours studying weeklies and have come to the conclusion that we are on the cusp of a big move. It's a humble conclusion. -g- As I do when studying weeklies, I go back at least to at least 1980. The NASDAQ chart has its own wild music and is harder to read/predict from a TA point of view. It's so volatile that one has to work harder at cutting out the noise. The DOW is just plain rummy and I do not spend a lot of time there. No, this morning I have been studying NYA and SPX. My first observation is that they are stalled ugly. I do not use many indicators 'cause I think they are mostly a total waste of time, but the few I do look at tell me that outside all this noise is a coil. I am primarily interested in price and pattern. There we have some really ugly breaks or near breaks. We are somewhere from days to weeks away from some very tough love imho. As usual, we might get some nice bounces along the way of course. Better answers are available from smarter people. Cheers --Allan

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