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Pastimes : The Big Tex House of Coin

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To: Jeff who wrote (16398)	1/6/2001 3:10:19 PM
From: Jeff	Read Replies (2) of 19297

one thing i stressed last year was how important the MACD was..... if the MACD is below the 0 line.....NO RUNS CAN BE MAINTAINED....... yes stocks will run.....BUT ...the run will die fast till that MACD is solid and above the 0 line......period..... nasdaq is still under 0......but one good thing i see.....for the first time in a long time......the slow stoch bounced off the 50 line instead of going down below .....thats a bullish sign..... bigcharts.com just to realize the damage done to nasdaq.....look at the 10-year MACD....... bigcharts.com i bet it will take till next year to get back up near the 0 line.......and then and only then can the bull market resume...... nasdaq has never been this broken.......historical MACD..... bigcharts.com thats why i said this is now a traders markets for some time to come......don't even think about buying something long to hold for more than a week or two...... its gonna be a wild ride.....and you will want dry powder.....roll!!!

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