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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: carepedeum2000 who wrote (28396)6/23/2000 10:59:00 AM
From: Silver_Bullet  Respond to of 57584
 
We are at a pivot point

The Dow Industrials have had the hardest time lately and really is the chart in focus right now. If it breaks through the 10,400 level with any conviction then we are looking 9,800 as next support.

With the close below 10,400 level yesterday many might have though we were headed there but this mornings action may have something else to say.

I would like to see a low volume day that has the dow closing up 60 or more today. That would signify a bottom in my mind and could very easily spark a rally which would take the techs right along with it. It would most likely be another 5 day rally with the fed meeting adding fuel to the fire.

Of course this is subject to change at any time. LOL

FT