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To: Death Sphincter who wrote (41227)	6/6/2002 7:27:51 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

I read you Carl...and that's the way i took your chart fwiw. It's just that i think the base kind of stinks(pardon the pun)<g> GM looks kind of cliffy below 47 or so on the daily, and while it waffles around between the 50 and 200 sdma's anything could happen. It's certainly entering a pretty oversold condition where it would want to bounce at the 200dma and the top of that gap at 57...and if it does, that means it sets up a smaller H/S that measures to support at 46. stockcharts.com Unbelievable insider selling at GM as well. With the NYSE Bullish percent Index just rolling over to a sell from the 70% level, which is pretty uncommon in the last 47 years or so, why chance it is my only reasoning. Heres a subsidiary of GM hughes with what i consider to be a pretty good base, albiet with a higher valuation...very tame insider action as well stockcharts.com Thxs for clarifying your thoughts, i've always respected your pov and analysis, and fwiw, i'm busy looking for possibilities too.