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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (3662)	8/13/2000 4:43:06 PM
From: Jim Willie CB	Read Replies (1) of 13572

been reading wise words of guy named Elder (futures trader) he said that in confusing times, drop down to weekly chart to see trend more clearly so I checked the NazComp chart on weekly basis we are at 50-week support right now, which has held nicely in past pullbacks this spring we have a weekly stochastic at low end 20 extreme now any crossover is not exactly imminent to my eyes we have relative strength trending up from June/July/August we had a MACD bearish crossover 4-6 weeks ago, still not righted with consumer spending buoying the economy somewhat recently, no evidence of widespread stall is apparent just my six cents (sick sense) p.s. I had to laugh being nominated for SI TechAnalyst my votes were for Vendit and Greggster / Jim

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