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Strategies & Market Trends : The New Bull Market.

RMBS 104.07

-2.3%

10:25 AM EST

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To: Ms. Baby Boomer who wrote (1625)	12/28/2003 3:00:24 PM
From: Ms. Baby Boomer	Read Replies (1) of 1750

Recent Strength Could Set Up Another Pullback... Friday December 26, 8:00 am ET By Dick Arms, Special to RealMoney.com On the New York Stock Exchange, the 10-day moving average of the Arms Index is at the lowest level we have seen since mid-October. The same is true of the five-day. That is confirmed by similar extremes in the Nasdaq moving averages of similar durations. They are all reflecting the strength of the last few days. From similar readings in October, we had seven trading days in a downtrend before the advance resumed. Usually, one would have expected more weakness after such a reading. Perhaps that is all we will see here, but usually it leads to a larger pullback. Regardless, though, the indication is that we are likely to see at least a temporary slide in the next week or more.... biz.yahoo.com

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