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Strategies & Market Trends : today's chart

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To: Claud B who wrote (968)	6/20/1998 3:48:00 PM
From: Claud B	Read Replies (3) of 1267

*CHARTS UPDATED* All charts have been updated. A few comments: 1. The Bonds and the dollar have joined the volatility parade. 2. The Summation Index continues to look awful....and may get worse, IMO. 3. The Russell Index has made seven consecutive down weeks. Haven't seen that in years. I think there's more to come. Long term trendline is broken. 4. The Vix and the S&P are in lock-step. A break of 1080 on the S&P should send the Vix soaring. *5. Both stocks mentioned last week performed rather well. Both NOVL and FORE look higher to me. 6. A new addition to "stocks I'm watching" is Medco Research (MRE). This one, Technically, looks interesting. ***Again, I personally have no position, short or long, in any of these stocks. pw1.netcom.com Hope you all have a great week-end and a good week. Claud

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