Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Gersh Avery who wrote (24877)	8/22/1998 2:49:00 AM
From: Moominoid	Read Replies (2) of 94695

Market Edge/Second Opinion reccomendation for SPY (and hence I guess US stocks in general): Avoid - Downgraded COMMENT Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND Chart pattern indicates a STRONG DOWNWARD TREND Relative Strength is NEUTRAL Up/Down volume pattern indicates that the stock is under DISTRIBUTION The 50 day MOVING AVERAGE is falling which is BEARISH The 200 day MOVING AVERAGE is rising which is BULLISH LOOK FOR SUPPORT AT 107.32 WATCH FOR RESISTANCE AT 110.35 RECOMMENDATION STOCK IS A SHORT CANDIDATE IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY ___________________________________ At least they agree with me on this one :)

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