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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (12140)	9/5/2001 1:32:00 PM
From: The Freep	Read Replies (1) of 209892

What I find odd about this down is that the Dow is really not playing at all. The S+P is, what, 3% above that March low, and the Dow is more than twice that far above it. Seems like a strange dichotomy, though I'd be hardpressed to call it a bullish divergence, since the Dow also had recovered more %-wise from the low. I also agree that this isn't crash type stuff right now. Anyway, I'm sure more people have gone broke betting on a crash than have gotten rich by being short during one. I like risks, but not with those odds! VIX moving up. Market oversold. April lows near in the NDX, anyway. And yet still, I'm hearing your previous refrain, Allan, "stay sold" and I probably will until the lows or until we see just what type of bump we get here. the freep

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