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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (62773)2/8/2003 3:45:09 PM
From: GROUND ZERO™  Respond to of 94695
 
BWDIK...

GZ



To: William H Huebl who wrote (62773)2/9/2003 1:40:56 PM
From: robert b furman  Read Replies (1) | Respond to of 94695
 
HI Bill,

Good chart - thanks.

stockcharts.com[w,a]daclynay[dc][pb200!c144][iUd144!Ll14]&pref=G

Any reversal of this downtrend will require +DI to crossover-DI no immediate fear of that.

What is interesting is to note how high ADX has traveled relative to the October 02 low.

I think GZ senses the divergences that are going on in the market as our economy registers improvement in fast frequency statistics.

The jury is still out as to whether new lows will result from the ongoing retest of October's lows.

The NAZ is showing relative strength vs Dow And S&P.The NAZ is the only index to put in a higher high from the August highs:http://stockcharts.com/def/servlet/SC.web?c=comp,uu[w,a]daclynay[dc][pb200!c144][iUd144!Ll14]&pref=G

stockcharts.com[w,a]daclynay[dc][pb200!c144][iUd144!Ll14]&pref=G

If this market is to be - we need the NAZ to lead.A best case would be the DOW and S&P retest and marginally violate October's 02 lows and the NAZ puts in a higher low.

But then I'm just guessing.gg

Bob