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Politics : High Tolerance Plasticity
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To: pvz who wrote (14299)6/6/2002 10:32:49 PM
From: Warpfactor  Read Replies (2) of 23153
 
PVZ,

The ARMS Index now sits at 1.58 and its got a 0.60 coming off tomorrow. If this 0.60 is replaced with say a 2.0 tomorrow (not unrealistic), then tomorrows ARMS will move to an unprecidented 1.72.

NYSE MacLellan now -123 by my count. The next two days worth of A/D numbers will replace a +809 and +1250.
Say for example those two positive counts are replaced with two -1000 A/D's. Not unrealistic. Factors these into the 19 DMA and the NYSE MacLellan will then sport in the neighborhood of a -340. This would be Sept 11th style oversold.
The NAZ MacLellan now at -104. It is in a similar scenario - 2 bad selloff days will put it at under -300.

Capitulation is near, but I guess we all know that.
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