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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (33881)	8/29/2001 10:20:39 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69827

SP500 just broke last weeks low. This does not bode well for the overall market. Still getting an indeterminate signal on the SOX and COMPX.

To: Johnny Canuck who wrote (33881)	8/29/2001 11:42:09 PM
From: Clint E.	Read Replies (1) \| Respond to of 69827

Hi Harry. Perhaps we end up firming up ~1800 with a downside risk of 1775. I don't think we are going to re-test the April lows(April 4th low of 1620 : #reply-16272586). It could happen but I don't think it would. I am thinking if traders are anticipating a recovery in early 2002 buying the dips now (at higher than April lows) makes more sense (now) than it did almost five months ago in early April. There are a couple of tech conferences in early Sept. They should help us figure out where the bottom is.