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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (15597)	12/16/2002 2:07:11 PM
From: Softechie	Respond to of 19219

Roach's been bought or taking a breather...

To: High-Tech East who wrote (15597)	12/17/2002 1:19:40 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Market Capitulation by the Bears? Not a chance. In the words of Richard Russell (Dow Theory Letters): "You're not going to make money in stocks in this bear market. "Buy the dips" isn't going to work. This is a bear market in its earlier stage. Bear markets are markets that are calculated to take your money, not make you money." Dow Theory on the Way? Only when the DOW takes out the 8/22 highs of 9,053.64 and confirmed by TRAN taking out their August highs TRAN 2,463.96. It is what Russell is supposed to call under his Dow Theory the start of a New Bull market. But you won't see Russell throw in the white flag and get long. Russell hasn't even given it consideration. How close are we? Within striking distance: DOW 8,627.40 TRAN 2,359.00 Best Regards, J.T.