The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (38627)	2/23/2001 2:12:02 PM
From: ivan solotaroff	Read Replies (2) of 79281

THE VIEW FROM THE CATHOUSE Doug, "If the market allows" Big If. Hyper-bearish indicator today (at least to my cat-scratch-fevered mind) is INTC, which is hitting new lows on average volume. So far, INTC's cat-signals have been the best "bellwether" I've found. They caught the market's only three bounces since August: siliconinvestor.com (compare that to:http://www.siliconinvestor.com/research/comp_chart.gsp?s=COMPX+intc) each for the requisite mid-20% worth, and would've also provided iron-clad sell/short signals. The probable lack of signal today, plus the fact that INTC is challenging support from mid-98 (or did it go through today?) siliconinvestor.com again on such lazy volume (looks to be only 60 million today) is worrisome for the near future. If the Naz breaks 2000 there might be some real panic selling. (Yum.) But that's just my two whiskers' worth. Miao, Ivan

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