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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: exp who wrote (4162)	7/25/2002 5:44:02 PM
From: Jorj X Mckie	Respond to of 30712

On this trading day, July 24, 2002, the DOW posted its second largest point gain ever of up 488.95 points only surpassed by the 499 single point up day on March 16, 2000. yup, topping action, not bottoming action.

To: exp who wrote (4162)	7/25/2002 6:21:14 PM
From: Jeff	Read Replies (1) \| Respond to of 30712

george...don't forget.....the bulls will get a rally here... but its not going to be as high as they think.....most who loaded the bagholder zone near 1350 will be lucky to get out even....those who reload this run up and plan on holding could get burnt bad going into sept-oct.... stockcharts.com[h,a]daclyiay[d19961225,19970504][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G so from the lows under 1200 to maybe 1400....it would be say 15 to 20 percent rally at most.....which isn't bad if you are in at the bottom of it..... my ADX green line is finally nearing 10....so its close to getting that little bull rally started.... but it won't go straight up...it will be choppy..... i think the big boys who have been shaking out golds here will be loading gold as the nasdaq does this little up here....that way when the bottom falls out again....they would be in gold already at the bottom and ready to ramp the golds again going into the nasty fall to 1000... like i said....i think if folks really think the bottom is here....and they get that little rally back up.....and it fails again.....that will be the last straw.....they will say screw this market.....and dog pile in golds as they explode up to a higher high this time..... and the bottom in golds won't be in september.....they are near bottoming now.....and folks are throwing them away here and getting back in tech..... that should prove to be a bad move in a few weeks or more....