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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (1380)	3/3/1998 11:38:00 PM
From: Ms. X	Read Replies (1) of 29382

Hi Sergio, Wanted to send a note about the airlines. Indicators are starting to weaken and RS's are starting to reverse to the downside. AMR and UAL have reversed while DAL is not far behind. At the same time the oil sector is showing some stronger signs and this goes hand in hand with the airlines decline. Also, the bond indicator is starting to fall. No reversal yet but we watch this closely for an indication on interest rates. This indicator goes and we may very well see higher interest rates. I don't need to tell you what that would mean for the market. The NYSE bullish percent is at 67% getting very close to that 70% overbought area. Buy quality stocks on pullbacks. With all this going on you don't want to be chasing stocks. Take care, Jan

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