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Strategies & Market Trends : Point and Figure Charting

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To: Lucretius who wrote (2594)	4/24/1998 10:55:00 AM
From: Ms. X	Read Replies (1) of 34808

I think the Utilities are looking scary and I believe we have reached a top in the market for now. We need a correction to bring this back to a sane market. However, if interest rates go up, it may signal a bear market. Who knows. All we can do is be prudent in our decisions and buy quality stocks that aren't extended (if we can find 'em) I think this weeks action will change some of the indicators to the downside as well as further decline those that already are. Next weeks indicator report will be interesting. Saw you trying to convince people things are a little hairy. Not having much luck are you? Shoot! I just realized I forgot to mention the weekly momentums on the TYX and UTY just turned negative. Damn, that is important and my time ran out to edit.

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