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Strategies & Market Trends : Galapagos Islands
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To: AugustWest who wrote (47096)9/3/2003 10:47:51 AM
From: Jorj X Mckie  Read Replies (1) of 57110
 
the banks are right up against some short term trendline resistance, if they breakout it could be big. Of course, if they break down from here, it could get real ugly across the board. I also have the SOX at resistance, but it is looking more and more like sector rotation and topping out.

Oil was down big yesterday as were bonds. The bond money could be rotating into equities, but the big drop in oil has to be seen as a plus for the economy.
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