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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: shoreco who wrote (44448)	9/24/2001 7:32:01 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 100058

shoreco - You are starting to buy the gloom and doom scenario of the charts I published back in April. LOL. The are only "possible" targets, IMHO, if the market was left to itself. I am currently eying the horizontal trading channel of 1996. IMHO, the Fed has largely contributed to the ensuying runup. Fed can do it again (as long as there still are trees <g>). lvlamb.itgo.com lvlamb.itgo.com lvlamb.itgo.com One change from April, I discovered the very longtime (1950) support on the SPX to be on a 7% slope, not 8%. As for today, I don't know if Bearon's is right. But Euro bourses (and US futures) are up. Relief? (No retaliation this weekend), Self-fulfilling prophecy? (rebound on the 1998 swing support). Technical rebound from oversold levels? (eight black candlesticks in a rom on the Dow).