The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Ocote who wrote (16756)	5/12/1998 8:11:00 AM
From: Dave H	Read Replies (1) of 79378

Ocote, Might I add that volume has not been supportive the last three days with regards to the recent market rally. And as Doug said re: Market Psychology, it seems that the prevailing attitude right now is one of complete disbelief that any correction could happen now. S&P goes up 16%(!) in one quarter while earnings go up only 3%???? And I still am awed by the recent slew of sell sequentials by all the market indices happening at the same time. CLYS is sure fighting and kicking, eh? Excellent read by the way. If it does get back to 13 3/4, I think I might add to my position. My other short positions are also showing signs of continued breakdown: PILL,FRAG,SYGR. The former two are recent sell sequentials, and the latter is an IL violator that Ivan found. -dave

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