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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who wrote (10144)	1/15/2002 5:37:09 AM
From: Oral Roberts	Read Replies (1) of 23786

With the VIX and the lowering RSI index on the comp we may have already crossed into short the rally versus buy the dip. We never crossed the point that would have put the trend up so we must call this a bear market rally at this point. If that is true it isn't hard to see a challenge of the low coming down the pike IMO. Also the Zeev Q a group of 5 stocks that track the Naz but are much more volatile are sick with 3 out of 5 now in a confirmed down trend which wouldn't bode well for the Naz. Zeev Q: BRCD, BRCM, JNPR, QLGC, EMLX BRCD, EMLX, JNPR in downtrend If I'm looking at Larry's charts right BRCM and QLGC will also join if down today.

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