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Strategies & Market Trends : Market Trend Analysis from MomentuMonkey
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To: sandeep who wrote (266)1/29/2001 3:02:13 PM
From: David Lee Smith  Read Replies (1) of 281
 
My money is indeed where my mouth is. I don't share the view of the market ready to explode. There are too many bulls and a big change is getting ready to happen. Look at the double top in the US dollar with the current bearish rising wedge. Foreigners are ready to pull out of this market in a big way. Money market is being built up from the selling of bonds. Look at the chart of the 10-year treasury and what do ya know, it's another double top! Some money is flowing into the stock market, but it's come to extremely dangerous levels. This is a bear trap not the beginning of anything big.
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