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

To: Shack who wrote (66728)	2/18/2003 10:24:27 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 209892

What I'm looking at is an ending diagonal culminating in a throw-over on Thursday morning, followed by a strong reversal up. Now we have two back-to-back days of 2/1 advances over declines and 8 or 9/1 up/down volume to confirm = this is for real. AAI bullish sentiment at 22% last week.. lowest reading I can see on a chart going back to Q4 '97. Add that Rydex is mega mega short (bulls assets flat to the levels of Oct lows and bears 160% of the record short levels that supported the Oct rally), and I think it adds up to danger for those looking at this as a quick correction. Hosmer