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To: Shack who wrote (50568)8/18/2002 4:36:57 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
Shack, looks like your 10 day p/c EMA is heading right into market topping levels… not there yet maybe, but close. Note how each ascent in the average is slow and grinding, and how hard it crashes every time there is a recovery in the works… Probably means something. Fear still comes about unwillingly, but optimism, on the other hand, returns hard and fast.



To: Shack who wrote (50568)8/18/2002 5:23:10 PM
From: marginmike  Respond to of 209892
 
seems like a flag higher lows lower highs.



To: Shack who wrote (50568)8/18/2002 6:11:34 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
Shack, that chart would indicate a high in the indices somewhere around early to Mid-September if you follow the pivot highs on the 10-day MA.



To: Shack who wrote (50568)8/18/2002 6:47:56 PM
From: yard_man  Respond to of 209892
 
you know how bearish I am, but I think we need another extreme like May 2001 this time ... I'd wait for it now. Maybe it is at least 3 - 4 weeks off?

Nice chart there -- thanks.


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