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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn
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To: Jerry Olson who wrote (1642)9/25/2002 12:00:00 PM
From: Frederick Langford  Read Replies (1) of 1854
 
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Market Swing Discussion: Donald Sew's Index Update
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Posted by Donaldsew on Tuesday, September 24, 2002 - 10:41 pm:

Wasnt able to open the chat-room tonight to discuss it, so will
mentioned it quickly. A significant positive divergence on the NAZ NET
NEW HIGHs-LOWs. The NAZ/NDX have already dropped below the JULY lows,
but the NAZ NET HIGH-LOWs are still significantly above the JULY
levels. The NYSE also appears to be in the process of setting a HIGHER
HIGH in the HI-LOs, but not done yet. A good example of the effects of
such a positive divergence is the 1998 SEPT & OCT LOWs/DOUBLE BOTTOM.
I don't use such for timing.

For other reasons, feel that the market should start to bounce
tomorrow.

The CAPITULATION INDICATOR continues to climb and could reverse at
anytime now.

For now still holding onto the possibility of a 10/10 bottom.

Fred
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