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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (44565)	5/6/2003 9:58:12 PM
From: Compadre	Read Replies (1) \| Respond to of 52237

There is a difference in last may and today: The Nasdaq was in a down trend making lower lows and lower highs. The last Nasdaq low was higher that it's previous low. I believe it also made a higher high this week. Many Indices have broken through the 55 wema. Among them, the comp, ndx, oex, spx, russell 2k, nya, tran. BTW, it's the fourth attempt to break this MA for some of the indices. In other words, the spx is more bullish than back in may of last year. I am not saying that it can't happen, just that it's less likely.