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Strategies & Market Trends : News Links and Chart Links
SPXL 204.13+1.1%Nov 19 4:00 PM EST
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To: ajtj99 who wrote (333)6/14/2001 1:34:15 PM
From: Les H  Read Replies (1) of 29597
 
The lower bollinger bands are helping to stabilize the decline now for the S&P 500 (low 1220s) and the OTC (2060s). I would prefer to have the swing indicators or oscillators, such as the SK-SD (fast stoch minus slow stoch) and MACD, confirm a cyclical low. The fast stochastic appeared to be rounding as the slow stochastic catches up on the downside. I think the bottom may be off by a week or so.

The Russell 2000 is still holding up, it seems, for the end-of-month rebalancing. I think the market may be much uglier (than now) when that index breaks in July. That almost argues for new lows on the Nasdaq as does the NWX falling to near yearly lows already.

66.59.141.65
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