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To: jjstingray who wrote (76663)6/26/2003 12:27:42 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
By that comment you obviously think we are done on the downside.

While its possible of course, it is not my favoured. I think we need to challenge a few more technical levels.



To: jjstingray who wrote (76663)6/26/2003 1:24:14 PM
From: 4rthofjuly007  Respond to of 209892
 
Meanwhile, on the big inverse H&S on the Dow, a backtest of the neckline on lower volume may have taken place if we continue to move up here. A good situation for traders who are long stocks would be a pick up in upside volume and maybe climactic buying into mid-July. The opposite of what occurred with the heavy sell-off we saw in July, 2002 when the Dow lost nearly 2000 points in 3 weeks.

stockcharts.com[w,a]dacayiay[dd][pf][vc60][iLh14,3!Li14,3]&pref=G


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