Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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From: chowder	3/5/2007 10:48:13 PM
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SECTOR WATCH ... The Dow Jones Tire Index (DJUSTR) has almost defiantly been rallying in the face of market weakness. Though these stocks did lose ground on Tuesday, they've since rebounded by 14.4%, and actually managed to hit new multi-year highs on Monday. That's hard to chalk up to a little volatility. The likely catalyst? We at least partially have to acknowledge that this group can and often does run counter to the overall market - especially when the overall market stinks. However, the chart will also reveal how the 50 day moving average line may have played a role in the upside reversal. As uncanny as it may seem, even in the shadow of a 100%(+) since July of last year, we think there could be more upside in store for these stocks. While they've been red-hot, they've yet to get spinning out of control and incite a big pullback. If anything, they look like they're still gaining momentum. BigTrends.com Chief beneficiary - Goodyear Tire (GT)

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