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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (521)	2/20/2001 4:32:18 PM
From: Paul Shread	Respond to of 52237

Yup. We clearly broke the 90 log trendline, using the line across monthly closes. Volume was lower than Friday, but internals started to deteriorate (117 new lows vs. 78 new highs). Not quite sure what to make of it; we're about 18 points from support here. Not sure if we have a big trading range coming or new lows, but we'll sure know soon enough. We also have a week to recover to avoid having a monthly close below that line. The INDU and SPX broke their 94 log trendlines last fall, but haven't fallen much at all since then (unchanged from that point on the INDU, down about 7% on the SPX).