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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (12141)	5/8/2002 4:09:40 PM
From: marginmike	Read Replies (3) \| Respond to of 19219

massive rallies in one day like this are usially Bear rallies, however massive volume and Dow action last two weeks sure would make someone short a litlle nervous. Though I am hedged my IBM short up 4-5 bucks at 3:58 yesterday sure are painfull today. If this is a real bull move id expect alot of false starts and retrace. If tomorrow is another day like today I would think it was bearish. to much to fast is not bullish IMHO

To: bobby beara who wrote (12141)	5/8/2002 5:50:48 PM
From: nsumir81	Read Replies (1) \| Respond to of 19219

If the downtrend 'ended' 1 yr back, why are you getting fresh new lows on individual popular names? Forget the Russell 2000 etc. I am talking of POPULAR stocks and POPULAR averages that most folks focus on. (that includes this board among others). Even the averages are misleading. Like the COMP yesterday and the NDX100 vs the Sep lows. Sure the momentum has subsided. I agree.