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Non-Tech : Raptor's Den

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To: velociraptor_ who wrote (4983)	11/1/2002 11:36:19 PM
From: Jimbobwae	Read Replies (2) of 10157

Velo, Here is a set: SPX - Daily _8over20Ema - aka up trend. _Stochastics bouncing off of 50 - a powerful up move indicator _OBV is positive stockcharts.com[h,a]daclyiay[pc8!c20!f][vc60][iut!Lh9,3,3!Lg]&pref=G Weekly of the same thing: stockcharts.com[h,a]waclyiay[pc8!c20!f][vc60][iut!Lh9,3,3!Lg]&pref=G Watching for test at 20EMA weekly (910). This should happen Monday or Tuesday. Other Factors: * Pnf shows double top breakout * Today was first of the month - Common buying day especially after the eoy for Mutual Funds. * Fed Mtg Run typical rise ahead of the meeting * A suitable supply of twice thinking bears, and an overabundance of starved bulls + the politics of pushing the war with Iraq off until the beginning of the year so as not to screw-up the holiday shopping season. The validation will come two days after the Fed. That pull back will determine if the retrace holds or cracks.

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