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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (374)	7/31/1996 9:19:00 PM
From: Joel Brussell	of 852

Cadaver- Everyone here has talked about the H&S top on the COMP which is true. Nobody has talked about the measuring implications 1280 to 1150 (neckline) or 130 points. This takes us down to 1020 which we've already hit. If the Friday report is benign and the bonds seem to be sensing this. I don't see any reason we shouldn't travel back up to 1150 to 1200. INTC has appeared to breakout only a death knell Friday will negate that. I want to be bearish but MACD, Stochastic and RSI seem sto say otherwise. Friday may be the last bearish shot for awhile. Everyone is talking about where stocks should go but are they ever that accomodating?

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