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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (2749)	3/12/2003 11:43:23 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 12411

Bob, Here's a weekly chart on the VLE Value Line Index.... It's an unweighted index and reflects the general market and many believe also reflects the mutual fund industry and their broad holdings. Many other index charts look similar to this as well....! stockcharts.com[h,a]wahannay[df][pf][ilb14!ld21][j10879024,y]&listNum=8 Notice the Red Fork and it's fib and Gann structures.... along with the lower tine of the blue larger blue fork. Before the price can sustain any break higher the market should reach the lower blue tine and be pushed any..., and then the upper red forks tine needs to be broken with conviction. The CCI and RSI are suggesting the price is oversold and closing on a bottom. The question remains why buy stocks....? Chip