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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: country boy who wrote (1141)	4/23/2000
From: Duane L. Olson	Respond to of 4564

CB!! Now, I do humor the E! now and again, but 2200? On the Naz? No way... And E! is just pulling our chain when pulls that stuff..... we would need a repeat of the 1929 to 1934 massacre to get down to 2200 -- almost. Let's be serious: Here's monthly one more time: siliconinvestor.com Look, the Bollinger Bands are already starting closure. -- at such a rate, that the Naz would have to drop to 2200 on Monday in order to beat the Bollinger closure. Further, at this point, the MACD, strongly positive all the way up, have not yet started a negative trend. Also, the RSI is still well above 50 -- and strong. Only the Stochastics are troublesome -- a "reversal above 80" on the Stoch can be one of the more negative signals -- so we don't want to see much further deterioration in the Stochastics..... Or we are in for a lenghthy healing process. But, all in all, 2200?? NO way!! (imho) <GG> tso