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Politics : High Tolerance Plasticity

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To: chowder who wrote (13148)	4/5/2002 11:06:56 PM
From: Warpfactor	Read Replies (1) of 23153

Dabum, Those market technicals that I watch - ARMS, Daily Equity Put/Call ratio, MacLellan Oscillator all starting to make noise about being oversold. Nothing dramatic yet - ARMS now at 1.35. Don Hays pointed out a head and shoulders (inverse) under construction in the S&P500. Lets take a look: stockcharts.com[w,a]dhcayiay[d20010405,20020405][pb50!b200!b21!b10!f][vc60][iut!Ub28!Lw14!Lc20!Lc5!Lh14,3!Lf20]&pref=G A nice looking one to be sure - with double left shoulders. Let's see if it plays out. The S&P 500 has about 10 more points of downside to complete the (first) right shoulder. Had a rough time with HC, WMB, and PGO today. But I suppose nothing goes straight up in the world of equities. Warp

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