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Strategies & Market Trends : News Links and Chart Links

SPXL 219.24

+2.0%

Nov 26 4:00 PM EST

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To: pallmer who wrote (6166)	2/27/2003 9:34:44 PM
From: pallmer	Read Replies (1) of 29600

February 28 pre-open: Nothing changes here, bonds continue to move higher, Gold (XAU) pullback is stalling and likely to bounce at / near 65 and the dollar sliding all suggest the downtrend lines on equities will keep bounces in check. The only analogy I can add here is that its like holding a ball up and then dropping it........it bounces on the floor (October lows) and each bounce makes lower highs (capped by the 200MA and downtrendlines).....looking under the hood of the market and at individual stocks like those tracked in GAP TRACK suggest this theme will likely continue until the 200MA converges with the Otocober lows AND if the likes of IBM / BAC have not filled in their holes......bounces should remain suspect. thresholdtrading.com

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