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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (21132)	7/23/2002 8:00:31 PM
From: Susan G	Read Replies (2) \| Respond to of 26752

TWICK, RBAK has three black crows on the daily, which usually means a bounce is imminent...maybe you can escape on the bounce. Don got Class 1 intraday buys on all indexes today, and possibly they turned into closing Class 1's which are the strongest. Daily Signals (INTRADAY) All Indices are in the CLASS 1 BUY area. If the market closes at the lows today Donald will open a small long position and close his short positions. If the market does not close at the lows, but does close negative he will only close his short positions. Donald thinks that any rally will likely be muted, and will set up for a retest which may occur during the 2nd week of Aug., possibly near Donald's 55 day top to bottom cycle on Aug. 6th + or - 4 days. Donald noted the 3 BLACK CROWS pattern which formed yesterday on the SPX, OEX, NYSE, and VTI on a daily basis. There are also 3 BLACK CROWS forming on the weekly, but will need to be watched at Friday's close for completion. The RUT does have weekly 3 BLACK CROWS formed. On the monthly basis there are 3 BLACK CROWS on the SOX and USD. All of these 3 BLACK CROWS could help to mute any rally, and may contribute to retest implications.