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To: donald sew who wrote (41983)2/5/2001 12:44:40 AM
From: JRI  Respond to of 42787
 
Don, thanks a bunch for your continued updates...tremendous....any way you could post (mid-day) tomrrows how new highs/lows are looking? I think you are spot on (new high/lows, continued positive divergence...key to knowing if this is serious or almost over)...Agreed that if we don't see much more breakdown, this dip should be bought...(thinking starting Tues. afternoon...)

Just noticed that Japanese stocks are down...led by techs.....who does Bloomberg blame? Cisco (earnings report on Tues. afternoon) of course...The pall is already in the market..



To: donald sew who wrote (41983)2/5/2001 10:09:43 AM
From: jtech  Read Replies (2) | Respond to of 42787
 
What is so strange to me is the rotation from the ndx to the dow when the logical conclusion is from the dow to the comp. We had a 50% plus correction in the comp already and the dow had minimal losses.
Im thinking the dow is going to top out and go through its 50% correction as the ndx rises.
Just my opinion.



To: donald sew who wrote (41983)2/5/2001 10:14:51 AM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
All gaps are now filled.

Agree with you on "faux" wedges, Don; I haven't seen a single perfectly formed wedge on this advance, so I see no need for lower lows ahead.



To: donald sew who wrote (41983)2/5/2001 12:40:32 PM
From: Murray Grummitt  Read Replies (1) | Respond to of 42787
 
Hi Don,

XLK traded down to 34.95 shortly after opening this morning and has since traded sideways never getting over 35.67. Assuming it stays within this window for the rest of the day do you speculate that would give you a CLASS 1 BUY signal on today's close?

TIA, Murray