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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jdaasoc who wrote (33858)	2/26/2002 11:15:31 PM
From: ajtj99	Respond to of 99280

SPX practically had a harami cross today (reversal-down). It was close. It breached the 13-day EMA intra-day, but closed above it. I think that as long as it is above the 13-day EMA, it has a chance to advance, possibly all the way to 1127 not likely in my mind). The problem is that the COMP may drag it down if the COMP tanks. Interesting note that nobody has mentioned is the relative strength of the NYA. That index is in a weak uptrend from the early Feb. pivot low. Today it closed just below the 50-day MA at 577.34. That chart too is not confirmed bullish, but it is one of the better ones in the indices.