Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Paul Shread who wrote (34250)	10/27/2000 1:49:24 PM
From: donald sew	Read Replies (2) of 42787

Paul, >>>> Out of curiosity, is the Dow holding its 1932 log trendline? I think it may have broken it on the most recent downswing. stockcharts.com <<<<< You are really going to get the HiTECH BULLs nervous - look how quiet this thread is now. Yes, it does appear that the DOW broke its log trendline to the downside. Now tie that with your position that the trend is now heading towards value stocks. One way to interpret the 2 Charts is that as the DOW heads downs, since it broke the 1932 log trendline, it will not decline as fast the NAZ/NDX/HiTECHs since the DOW:NAZ RATIO broke out to the upside in favor of the DOW. You are now really going to scare the HiTECH BULLs.gggggg Boy, this thread is really quiet. Guess it gets busy when times are bullish/bullish news like the time of the BRINKER issue, which was actually a selling opportunity. Dont tell me this is turning into a contrarian thread.gggggggg

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