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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (12607)12/1/2001 4:03:13 PM
From: Tom Byron  Read Replies (1) of 81577
 
for those that have eyes to see:

here is the weekly spx cash chart with technical indicators. if one draws a line on the bar chart from the sept 2000 high across the feb 2001 top and touching the top of may 2001 high to now one can see that we are at a critical point for the financials....also on the relative strength indicator at the bottom a line can be drawn from the mid-year 1998 high to now and this also shows that the top of the downward channel has been reach and not breached....i say one more down to the bottom of the channel and this part of the bear market which began in 1998 will be over...for now....also notice the slow stochastics indicators has been hanging around near the highs for awhile now...i say...next elevator now going down.........:(

bigcharts.marketwatch.com
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