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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (64769)	1/27/2003 9:19:47 PM
From: The Freep	Read Replies (4) \| Respond to of 209892

Any ADXperts around? I was looking at the +/-DI levels on the Dow, and it seems like we should be at a reversal zone here. Similarly, the VIX (well above the upper bband, by the way) is showing a spike the likes of which we haven't seen in some time. Besides consumer confidence numbers tomorrow, PG reports in the morning. Like FDC before it... can earnings save it from a collapse? Can AMGN hold that line at 50? Will BAC cave? Etc. Everyone is trying to anticipate a "we're at war" rally. Let me throw out a wild idea: we give Iraq "more time" (be it a week or two, but probably no hard and fast date). How does the market react to that? What about a weak rally on that as it looks like maybe there can be peace...and then a selloff when it doesn't happen? I think, frankly, that's equally likely. Not that I have any idea how to play that(and not that I (or, I suspect any of us) really like to put potential war in only market terms). the freep