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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Tom Byron who wrote (10603)3/6/2001 10:14:21 PM
From: Tom Byron  Read Replies (1) of 80936
 
lst below is a 3 year weekly closing line chart of the spx with slow stochastics at the bottom.currently, we are close to the point of going below that 7/20/98 HIGH which is just about/below 1200.

bigcharts.com

at tom drake's web site just above the 28 July 2000 commentary is an spx chart on which I have drawn in the 3x3 triangle which end up in a larger triangle. note that on that chart i have written in July 20, 1998 date which is near/at the top...you have to scroll down a bit to get to the spx chart with the triangle hand drawn on it.

tenorioresearch.itgo.com

.i am now curious to see what happens here...IF we break below that July 20, 1998 top will that be a confirmation of a "recession" at hand.. the spx is close to being 20% down from it last years march, 2000 top.....and as posted on the prior comments will the nasdaq break below its long term line...

and if all of the above happens WILL THAT CONFIRM THAT THE JULY 20, 1998 AREA IS CORRECT AS BEING THE TOP ON THE HAND DRAWN TRIANGLE..

questions, question, question.
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