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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.34

+0.2%

Nov 3 4:00 PM EST

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To: Return to Sender who wrote (33791)	8/26/2001 11:53:55 PM
From: shasta23	Read Replies (1) of 67586

RTS! The Spinsters at work! Who knows what's right? A couple of days ago either Suresh or Jim Cordes made the case that the weakening dollar will be the trigger for an even stronger sell off. Sure that exports might benefit from a weaker dollar but for the stock market it also means that returns for a foreign investors are going down and they might choose to invest into another global market (europe? euro turning around?). In the end i consider all this news noise that wants to influence us. Let's see it in the charts! Let's break above some of these downtrending 200SMAs(like cohu,CA,ARmhy, hlit etc....don't know anything about their FA but they are starting new uptrends and are above the 200SMA)! STefan

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