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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (9368)	4/18/2000 10:04:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 42834

The March 7 S&P500 low of 1356 was put in 5 weeks ago and successfully retested last Friday on high volume. Interesting Mr. BSL... This chart shows a low in Feb... chart.bigcharts.com as does this one. askresearch.com It does look like Friday was a test on the Feb lows. Were those two retests in March of the Feb low or am I missing something? To me, it looks like we were seeing lower lows in Feb where the Bears got all excited then we ran to new highs of up about 5.4%% for the year (SPY from 147 to 155)in late March then the correction of last week. Another interesting thought... Closing numbers mean different things now as Day Traders usually close out their positions each day. Maybe intraday is now more meaningful? thanks Kirk out