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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: sun-tzu who wrote (38459)4/30/2003 8:45:34 PM
From: mph  Respond to of 57110
 
the market has a mind of its own

---mph 4/30/03:-)



To: sun-tzu who wrote (38459)4/30/2003 10:35:52 PM
From: Techplayer  Read Replies (1) | Respond to of 57110
 
now that is just not true. The SPX is doing exactly what several people on this thread have expected.

You are obviously bullish and have made it clear but have provided little to no technical content to support your position. With a post like yours to me, I expect that you will back up your position with content. 2 days ago you shifted your 5 digit DOW call to the Nasdaq in mid argument.

Please let me know what is going to push the SPX and DOW through resistance levels.



To: sun-tzu who wrote (38459)4/30/2003 11:25:22 PM
From: Techplayer  Read Replies (1) | Respond to of 57110
 
a few recent posts talking about spx 915-920, over a week ago.

i have not included the numerous calls from our thread host for 915...

Message 18870450
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Message 18873649

updated chart:

stockcharts.com[e,a]dhclyyay[d20020427,20030430][pb50!b200!f][vc60][iub14!la12,26,9!lk14][J11513094,Y]&listNum=3



To: sun-tzu who wrote (38459)5/1/2003 6:24:45 AM
From: Oral Roberts  Read Replies (1) | Respond to of 57110
 
the market keeps going up.

It sure feels that way but IMO we have done nothing since 3/21 except create a large rising wedge that we are now at the apex of and I believe it's breakdown time. We have moved our indicators to overbought territory without any increase in price so IMO down will be the break.

High on 3/21 8522
High on 4/5 8520
High on 4/30 8528