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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (19660)9/19/2000 6:48:31 PM
From: UnBelievable  Read Replies (2) of 436258
 
Temple Is Very Good and VERY Careful

Today was more Bull Chit than Bullish.

Yesterday $COMPX fell under the 5/24 and 8/3 bottom trend and landed on the May 2, 2000 gap for support. Today was a rally back to support, now resistance, very usual. The bottom of that gap is real attractive.

Yesterday $SPX fell into the gap of June 2 and went a little below the bottom of the gap and the 200 SMA. Today's rally was capped by the top of the gap which is now resistance. $OEX looks terminal.

$NYAX got support from the low trend line drawn from 2/28 and 7/28, but not before putting the first stick through that line. Today's close of 661 is well below the 50 SMA of 664 which is about in the middle of yesterday's black candle.

$INDU put in a black Doji right in the apex of the symmetrical triangle it had escaped August 14, and right under the 200 SMA.

If you want to know the future look at $TRAN.

It may not be tomorrow but it will be. Anyone willing to guarantee that it doesn't happen until after the election is a fool. I'd like them to put their money where their mouth is, in Gold or Oil.

They can run but they can't hide.

BTW - The market goes up and down - even when it is going down.
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