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To: NOW who wrote (26012)	12/21/2001 1:22:21 PM
From: John Madarasz	Respond to of 209892

My sentiments exactly all along... Message 16702146 That decisive break to the down side through the 50/200 MA's doesn't seem so decisive now , eh?<g> ...just like the decisive break of the NDX..."exploding" through overhead resistance..."cutting through M/A's like butter" and all that stuff everyone was hooting about.<g> i think the 50/200 dma's are in large part used to manipulate the masses...just like round # plays. Until the $ puts in a lower low on the daily...weekly or monthly i say it's STILL in a bull trend up, and should be viewed accordingly. That lower low will now be a bit below 111. Don't fight the FED on this one...it's the last bastion of strength and will be protected at all costs