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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: quote 007 who wrote (9690)	10/26/2002 1:07:29 PM
From: Jorj X Mckie	Respond to of 57110

I just did my normal thing of getting positioned too early. I don't see that there is any question that we have a rising wedge working. And this rally was a classic bear market rally. Only difference is that this one has more air underneath it than most. What I am seeing is that the four letter stocks are stronger than the three letter stocks. That says that the speculative money came back. Usually the hallmark of the tail end of a rally. I really don't have too much doubt that the wedge will break down. My only question is whether we will do a halfway jobber like we did off the July lows, or if we just keep on going to new lows. I think a key to this is that interest rates yields have already topped and dropped. stockcharts.com[r,a]daclyyay[dd][pb50!b200][vc60][iub14!la12,26,9][J7651409,Y]&pref=G