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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (78241)8/1/2003 9:38:59 PM
From: Haim R. Branisteanu  Read Replies (1) of 209892
 
I have the Aug. 6 as a GANN date based on the UDX

51 days from June 16 and 21 days from July 16.

June 16 was UDX low of the year July 16 peak of the counter trend rally
next blow from interest rates

Total U.S. sales fell 4.5 percent, while sales at General Motors, the world's largest automaker, declined a less-than- expected 5.5 percent. Sales at No. 2 Ford fell 11 percent, and DaimlerChrysler AG's Chrysler, the third-biggest U.S. maker of cars and trucks, sold 7.6 percent fewer vehicles.

The industry's annual sales rate dropped from the 18.1- million-vehicle pace in July 2002, when automakers reintroduced no- interest loans to stoke demand. Incentives have failed this year to halt a slide in market share for the three U.S.-based automakers, as consumers choose Japanese makes for their better reputation for quality.
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