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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: quote 007 who wrote (4767)	5/14/2002 11:41:16 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 6346

Sure I consider it significant. But then again, back in April the move to 1925 was pretty significant. Broke a DT and then we even set a higher low....before breaking down to the lows of last week. We have a good rally here. But I am not accustomed to calling a bottom with the BPs at high levels and the VIX and VXN at low levels. on the 25pt chart, we have clearly gotten a buy signal. It could be good for another 75 to 100 pts (do you believe that this is going to happen during options expiration week?) stockcharts.com But with the 50pt chart, a move to 1800ish doesn't look all that unreasonable as a countertrend rally without breaking the general downward trend. stockcharts.com