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Strategies & Market Trends : market dissection: all methods considered... -- Ignore unavailable to you. Want to Upgrade?

To: eichler who wrote (72)	8/28/2001 4:49:35 PM
From: eichler	Read Replies (3) \| Respond to of 450

Today's close puts the compx once again beneath the 62% retrace of the 4/4-5/22 run up. That in itself is negative. I'm not seeing any positive AH movement, Q's still trading near the LOD. home.earthlink.net Off-hand, I'd say another downer tomorrow. Co-incidentally and rather ironically as well, the brief rally succeeded in bringing stochastics out of oversold and now has more room below to fuel another sell-off. Not saying the market is going to crash, but it is set-up now again in a very negative way. Caution long is warranted!