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To: AllansAlias who wrote (31832)2/21/2002 1:49:14 PM
From: Shack  Respond to of 209892
 
Further to our discussion from yesterday regarding the large wedge out of the 30th in non-tech, I think we are entering the 'b' of 'e' here. We should be weak/sideways the rest of the day and tomorrow should be strong. I have the DOW heading up over 10100.



To: AllansAlias who wrote (31832)2/21/2002 3:04:11 PM
From: john722  Respond to of 209892
 
Allan

I'm not much of a Dow follower because I concentrate on
Naz 100 stocks and trade their ranges long and short, but
if I were you I would seriously do some work on WMT. The retailer's will have to confess soon. They have been giving away their products so the numbers must be fudged somwhere.
I personally wouldn't touch it long until $36.00 (.382 retrace of 1997 - 2000 Wave), unless of course you just want to trade it, then I would be concentrating on the short side. Just my best guess..............



To: AllansAlias who wrote (31832)2/21/2002 3:09:34 PM
From: john722  Respond to of 209892
 
Allan. Important!

If you draw a trendline (WMT) from the Feb 2000 low through
the Oct 2000 low, WHAMMO!! The .382 retrace in a Descending Wedge (Monthly Log Chart)