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Strategies & Market Trends : Take the Money and Run

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To: Jorj X Mckie who wrote (15407)	8/16/2002 10:18:04 PM
From: bramble88	Read Replies (2) of 17639

Jorj- Being just under the 50MDA is one thing all the indexes have in common. The other is closing just above a double-bottom (BKX does not as clear as others, 2nd dip being rather shallow). I see two possibilities for the near-term: 1. Consolidation above the double-bottom base, indicating an eventual stronger move up. 2. A prompt drop below the double-bottom base line, indicating a continuation of the down trend. Within about two days it should become clearer which of the above is taking shape. -Brmbls

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