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


To: SmoothSail who wrote (15028)8/14/2002 7:25:52 PM
From: Augustus Gloop  Read Replies (5) | Respond to of 17639
 
I am sorry. I really am.....I'm man enough to admit when I'm wrong and I was wrong

I await my flogging



To: SmoothSail who wrote (15028)8/14/2002 7:38:35 PM
From: Oral Roberts  Read Replies (2) | Respond to of 17639
 
SPX

The piff chart broke a double top with the 920 print to give a buy signal. It's right into another double top at 920 but 930 would really be something. This is our first buy signal since March but that one was not a good thing and was our last hurrah that started the down trend we just ended. I would add in March the NYSEBP was in O's at 52 where as now it has reversed to X's from 24 and added an X today for a 32.

Candle chart clearly broke out today and clearly bounced off the uptrend line in place since July 24. This is our 3rd higher high to go with a 3rd higher low. If a person wanted to find fault it would be with the low volume on the breakout, something the P&F could care less about but is enough for me to be suspect.

All in all this has been stronger then I would have thought and there isn't much to say it's going to stop anytime soon.