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Strategies & Market Trends : Technical analysis for shorts & longs

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To: bobferg who wrote (15936)	5/11/1998 4:38:00 PM
From: Judy	Read Replies (1) of 69340

Hi, Bob Many of your signals are for very short-term trading, but regarding the EPC sell signal you got a week ago Friday, is that signal still valid?? I am seeing macro and subjective indications of the marketing topping, a rounding top rather than a parabolic blowoff as some on CNBC have commented on. Indications include: Price volume action today has been heavier on the downside, and the volalitity of the selloffs greater than normal ... some of the movement is due to options flux, but flux is typically not so swift on strong volume. Bond over 6 percent again, money migrating from equities to bonds; Corpopate earnings are out and distribution is occurring into strength; PPI/CPE and FOMC are over on the 19th, the market should start to worry again for the next cycle afterwards.

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