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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (9508)	7/15/2002 2:16:14 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Fred you see this --- 3800 on the Dow possible if we break 8200 per Raptor. That is clearly not going to happen but 7500 - 7800 between now and summer's end would not surprise me. People hate holding stock before going on vacation. Of course the thing is the DJIA is a pretty worthless measure of anything. I'm checking on the S&P 500 T/A now. *** "Weekly chart: The expanded weekly here shows a very ominous head and shoulders pattern that has developed with support at the neckline near 8200. A move below this projects to a very frightening 3800, thus the 8200 level MUST hold. Note however, that we have not had capitulation volume above the Sept low though as we continue to fall. I would expect a 5 billion share day if it does happen."