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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (12824)	8/3/2002 5:49:27 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 17639

OK. That's what I was thinking. that's why I said buy the new moon on the 8th. Down Monday, Tuesday turn around day (albeit maybe not straight up - maybe doji/hammer formed or indecision candle), Wed. maybe indecision candle or up), etc, etc. With 3 black crows on the sox, maybe Monday indecision, then Tuesday down. Either way, I think we had down, then up -g- Is this post of yours referring to Monday (this immediate move)? Message 17832629

To: Jorj X Mckie who wrote (12824)	8/3/2002 5:57:51 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 17639

Johnson Says Capitulation Not Over Schaeffer's Managing Quantitative Analyst Chris Johnson said today that the majority of his Sentiment Indicators are not confirming that last week's plunge of the SPX and other major index leaders indicate that we've reached the classic point of capitulation needed to form the foundation of a firm and continuing market rally. "Last week's SPX low of 775 could be retested in the near future," said Johnson. "We were technically in an oversold position last week, so no one should be surprised by this recent uptick." Johnson uses sentiment indicators such as put/call ratios, open interest ratios and other technical filters to detect and quantify investor sentiment. "These indictors have proven themselves over many years and many ups and downs," said Johnson. "We're not there yet." schaeffersresearch.com