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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (13817)7/26/2002 10:11:38 AM
From: Softechie  Read Replies (1) | Respond to of 19219
 
Dow right now has ran out of time to negate the broken neckline at 8300. SPX neckline at 950. COMP NDX SPX UTIL all have broken necklines with huge volume which will be a giantic resistance.

Dow is hitting a giantic resistance now...Dow has to correct itself to get in line with Nasdaq which is about 20% below...



To: J.T. who wrote (13817)7/26/2002 10:26:19 AM
From: Softechie  Read Replies (1) | Respond to of 19219
 
Da Crooks are holding up Dow because it's Da God to Da Masses...they don't want to panic Da Masses by shooting at Da God...Dow will do a drip drip drip action until Da Masses will have enough and throw in the towels...about 80% of households owning stocks and funds...just think about 50% and where market will be.


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