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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: ajtj99 who wrote (33218)3/26/2002 9:24:24 PM
From: bobby beara  Read Replies (1) of 52237
 
aj, it trend (21 dma) is still moving down from a low in late february, which remains in the bullish camp.

stockcharts.com[w,a]daclyyay[dd][pb21!d15,2!a.57][vc60][iUb14]

at the low in late february, option traders and rydex traders were exhibiting sentiment close (p/c) and at the sept bottom (rydex) while the averages were well off the bottom.

Could last week been a major top in a bear market rally, sure it could but the trend is up since the sept lows, and the onus is on the bears to take the averages below the february low to put in a lower low.
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