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

To: Libbyt who wrote (12426)	11/11/2002 4:12:20 PM
From: bramble88	Respond to of 57110

Three Black Crows on COMP and SPX daily. Granted, today was lightly traded, so potentially today's candle is overdone (or underdone, who knows), but downtrend seems to be in place. I believe that the 50 dma line has been very important throughout this bear market, so I would expect us to test it at a minimum, and would not be surprised to see some sort of a bounce at that point. Many who are looking at this as just a consolidation retrace, will be looking for 50 dma support to buy the dip. 50 dma for COMP should be ~1260 by the time we get there.