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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 (16746)	4/1/2003 12:23:08 AM
From: bobby beara	Read Replies (1) \| Respond to of 19219

Hello Ken, I've said for months that we are in a trading range at times i was hoping for a better rally up to the downtrend spx line, i don't know if it's a base or a continuation pattern - or a sideways pattern that could last a lot longer, but the longer term trends are still bearish, giving the bears the edge. We are not quite in the place we were off any of the previous bear market rally consolidations, a lot of people have capitulated, fund outflows started in august and haven't stopped. But on the other hand we had the motha of all bull markets on the upside that surprised most professionals, and we should probably have the motha of all bear markets on the downside that will surprise all the professionals.