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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (1019)	8/1/2001 11:40:00 AM
From: HairBall	Read Replies (1) \| Respond to of 1328

JRI: Breakout for the NYA may hold at the resistance line of its 5/22 falling channel, which should now act as support. The COMPX has not "yet" broken above its 5/22 falling wedge. We're going to see one more pullback, but the lows I was expecting into 8/7 (in my 7/8 update) which would extend the COMPX retrace of the up move from 4/4-5/22 is suspect. As I said last week, the 7/11 low may have been the near term low. That price action gave me pause and reduced my confidence in my 7/8 expectation... Looks like my 7/30 (+/- one) pivot date will only get a split decision at best...<g> Time for the market to lead... Regards, LG