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Strategies & Market Trends : Befriend the Trend Trading

SPY 683.47

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To: Dr. Stoxx who wrote (38548)	11/14/2006 10:16:26 AM
From: Ken Adams	Read Replies (1) of 39683

TC, you talking about this stuff: IF YOU LIKE THESE CHARTS AND WANT US TO CONTINUE UPDATING THEM, PLEASE VOTE FOR US AT THE BOTTOM OF THIS PAGE! VOTE DAILY! THANKS! Sign up for our FREE Weekly Newsletter with a new stock pick highlighted each week (+1,290% since 10/01/2002): befriendthetrend.com Contact us: support@befriendthetrend.com Market Commentary for 11/13/06: HD and WMT both came in a bit light on either earnings (HD) or guidance (WMT), which may spook some traders today hoping for the blue chip rally to continue. But the real focus will be on government's retail numbers, along with PPI due out this morning. Later in the day we get the FOMC minutes which in the past has influenced trading for a day or two. The Nasdaq broke to a new annual high yesterday on the strength of the semiconductor index, but while volume is supportive most of the technical indicators point to a false breakout ahead. We will likely see a shallow cup develop from which the index can propel higher...much higher...into next year. Focus Stock Pick for 10/13/06: ATHR long Focus Stock Pick for 10/14/06: AKS long etc, etc. Reads fine for me

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