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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (63613)	1/13/2003 2:50:10 PM
From: Paul Shread	Read Replies (2) of 209892

Not sure why the BPNDX and BPCOMPQ would be a problem. Once they turn down from high levels, they tend to keep going. The BPNDX has been above 80 only a few times in the last few years, as far as I can tell. Just eyebaling the chart, April 2001 and August 2000 seem to be the last two occurrences. In April 2001, the rally lasted another month, but that move above 80 pretty much marked the top in August 2000. The BPCOMPX didn't quite make that magic 55 level, but I'll take it. -g

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