Market Trend Analysis from MomentuMonkey Message Board

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Strategies & Market Trends : Market Trend Analysis from MomentuMonkey

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To: Stcgg who wrote (95)	8/24/2000 1:08:15 AM
From: Stcgg	Read Replies (1) of 281

MARKET UPDATE - Dow must rise above 11425 and Naz above 4289 to prove this bull has legs.. Without breakout volume, these rises can easily be interpreted as short covering.. If either index falls short of these targets, we go down again on heavy volume.. The Dow would break it's massive sideways topping pattern, and the Naz & SnP would be in position to make new lows below their Spring bottoms.. With the Fed in a holding pattern, expect the US Dollar to decline - Here's an excellent article that spells out the dangers to the Dollar and it's implications for the markets.. gold-eagle.com >><<

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