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

To: Win-Lose-Draw who wrote (60017)5/1/2002 4:04:24 PM
From: westpacific  Read Replies (1) | Respond to of 99280
 
The market is sqeezed between a declining SMA trendline and a regression bottom channel. IMO - this market could break to the downside when no one is looking.

As of today we are no longer oversold, yet not overbought.

This trendline has got to break to the downside at some point, with techicals in the market calling for it this is the logical bet. The trend channel has to shift to a downmode soon IMO.



To: Win-Lose-Draw who wrote (60017)5/1/2002 4:11:13 PM
From: Rock_nj  Read Replies (1) | Respond to of 99280
 
Employment numbers come out on Friday. That could be the next catalyst to move this market either up or down.


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