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To: Jorj X Mckie who wrote (7480)11/19/2000 12:08:53 AM
From: Lost to Voodoo  Respond to of 10876
 
JXM, that goes double for me. I'm not really familiar with most of those indicators, but I think they're all colinear at least with the RSI, which as I've suggested is mostly showing positive divergences, in accord with your ideas. The technical picture to me is a battle between the indicators (somewhat positive) and the patterns (i.e., double top - negative if it's really confirmed which is the biggest question for me). If it is a confirmed double top, I'd have to go with that one since the failure rate once confirmed is only 17% in a bull market, probably lower in this environment. I also am in agreement with the Dave's TA posts - the others I have no authority on.

I also believe there's some truth to JXM's assessment of the infrastructure (he's more knowledgeable than I, but other sources I trust complement his views), but there's no obviously mood to support it at the moment.