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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (37008)	9/16/2000 11:16:21 PM
From: Doug R	Respond to of 79326

Alski, Volume on the NYSE has been around 850 mil for a few months now. 1.25 bil on a nasty advance/decline outcome with a "scary" loss of the 1480 quarter zone appears to obviate the "shakeout" intention whereby the rebalancing effect is used as a pretense. Over the last 6 months the lack of overall market upside "excitement" has sucked alot of small player money out of the market. But look at the weekly S&P chart. Are there not higher lows in May and July? S&P 1460 is significantly higher than the July low. When demand continues to value lows at consistently higher prices...the market is going up. Doug R