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To: Andrew G. who wrote (90883)4/6/2001 1:48:05 PM
From: pater tenebrarum  Respond to of 436258
 
yes, indeed. the only arguments in favor of a rally are indeed technical in nature...many have pointed to the extreme TRIN readings for instance, which suggest an 'oversold' market. but then, we haven't seen a true bear market in a very long time, and i guess the Dow was oversold from 1930 - 1932 all the way down...just as such indicators were relatively useless in trying to pick the top, the same may be true in the other direction now.