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Strategies & Market Trends : Classic TA Workplace

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To: John Madarasz who wrote (7174)	7/14/2001 12:18:17 PM
From: JRI	Read Replies (1) of 209892

Good to know....I've got the crash helmut on this weekend, and we'll keep on until crash (am already getting funny looks though-g) Don't know if you've ever checked out Velo's site: raptorgroupresearch.com Always interesting stuff there.. One thing I've noticed (and makes me think that this week will be flat/up): Per his stochastics, we are rising from oversold conditions (daily), and the weeklies are at very low levels too (and slowly turning) for both SnP/Compx....looking back at this year's history, this has been a (historically) bad time to look for down...indeed, looks like down usually happens (again, just looking at this year), when daily gets to overbought (which it may by July 19, if we go straight up- which the daily has a tendency to do), but especially so if weekly gets overbought (which we have a ways to go- looks like that won't/can't happen until late August).. Regardless, it looks like the daily determines short-term direction better than weekly, but the weekly still gets the overall trend right.... thoughts?

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