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Politics : High Tolerance Plasticity
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To: Sweet Ol who wrote (12513)2/20/2002 4:15:07 PM
From: chowder  Read Replies (2) of 23153
 
John,

Strong finish to the markets today. I had mentioned previously I thought the NAZ would see 1750 and it did. Interesting that it rebounded the day after hitting 1750 in the face of all the negativity that has been going on.

Even more interesting is the hammer pattern that developed today and in the opposite color too. Very bullish IMO.

stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G

I mentioned this morning that I expected we'd start seeing some upgrades. With the markets closing as strong as they did, perhaps the houses were getting their orders in before coming out with the selling job, as volume did rise today. Tomorrow morning should be interesting.

Any technical insights you'd like to share? I'd be interested in hearing your views if you should have any. It's good to get input from others that look at the same indicators.

Thanks,
dabum
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