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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (21005)10/6/2001 9:28:48 PM
From: donald sew  Read Replies (2) | Respond to of 52237
 
Justa,

That's a good chart you posted.
finance.yahoo.com.

Here's a few things I noticed on your chart:
1) The NAZ declined at a faster rate
2) The NAZ rebounded at at a slower rate than when it declined, but rebounded at about the same rate as the other indices - thereby maintaining the divergence created during the decline
3) The BKX turned down crossing over the DOW/SPX reducing the divergence with the NAZ

What would have been better is for the NAZ to rebound at the same rate as of its decline. Its common that divergences eventually are corrected to some degree.



To: Justa Werkenstiff who wrote (21005)10/7/2001 5:19:07 AM
From: Square_Dealings  Read Replies (1) | Respond to of 52237
 
I think Argentina is next shoe (err, bomb) to drop.

I have seen frequent news blips over last couple weeks about Argentina default concerns. With telecom debt, airlines crash, CA power plants, and dot com failures, Argentina could be the straw that breaks the camel's back.

Its just too big a load (credit). Banks got greedy and now they will pay.

M.