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To: ajtj99 who wrote (51944)8/30/2002 10:45:30 AM
From: AllansAlias  Read Replies (5) | Respond to of 209892
 
It's the close above 8,737 that's magic. That avoids the historically intolerable 5th month down in a row for the Dow.

8785 is everything for the Dow. That's where the bottom of the bearish putative 1 gets violated, where the down channel is, where horizontal resistance lives, and is the top of the apparent bear flag it is building. Did I mention that it's everything?



To: ajtj99 who wrote (51944)8/30/2002 11:03:52 AM
From: The Freep  Read Replies (2) | Respond to of 209892
 
aj -- while I make no predictions on today's close, as to your study on EOM ramps, I have but two things to say. The first is: Jan 31st. Up until this past one, as you know, it had NEVER been a down day on the Naz. Ever.

The second relates closely: the trend corollary (I think that might be Larry D.'s term). The idea is that a trend is likely to remain a trend BUT at some point, it will end. They all do.

This, by the way, gives hope to Red Sox fans yea unto the third (or fourth or fifth) generation <g>

the freep