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

To: Challo Jeregy who wrote (16286)	8/27/2002 10:43:38 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 17639

why do you consider it a divergence? Out of the blocks this morning the market went up. At the same time the VIX went down a little smidge and printed an O. But, by the end of the day, the VIX was +.44. stockcharts.com[w,a]haclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

To: Challo Jeregy who wrote (16286)	8/27/2002 10:53:20 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 17639

If the SPX would run I think we would have a great opportunity to short or use puts. To me it looks like 969 is the deciding number. If we print 970 its really a good chart. On the other hand I still think we're going to dip and test those July lows. With bad earnings, lack of trust on Wall Street and a confrontation with Iraq looming I just can't see a REAL rally happening. I suspect we stop at or before spx 969 and then print 930. After that there's nothing but air until the 880's and then the 830's. stockcharts.com