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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (5164)	11/30/2001 12:30:29 PM
From: John Pitera	Read Replies (4) of 33421

Hawk, the Banks and Brokers are usually very good indicators of market direction, We can look back now in retrospect and see that the XBD broker index has been telling us that this rally since 9-21 would be this strong due to the strong relative strength of the XBD chart. Note how the XDB has been above it's 200 dma for a few weeks now stockcharts.com[w,a]daclyymy[pb50!b200!b21!i][vc60][iUb14!La12,26,9] If it breaks back below the 200 dma it should find support near 445 or so, If it does not break down through the 200 dma, that will really be impressive. the SOX index keeps getting support at it's 21 dma stockcharts.com[w,a]daclyymy[pb50!b200!b21!i][vc60][iUb14!La12,26,9] there is a fair bit of technical trading going on. John

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