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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (37644)7/3/2002 10:57:11 AM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
The right side of the H&P pattern in the weekly SPX chart is giving way today, testing the congestion levels from the fall/winter of '97. If that support level didn't hold, the next former peak on the way down is in the low 800s. The Sept. low was breached, too.

Decision Point says the S&P GAAP P/E is about 40, with 20 being the overbought level historically, and 10 being the oversold level.