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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40110)	8/22/2003 12:24:13 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 72370

11:32 ET New 52-week highs With the Nasdaq making a new 52-week high and the Dow being very close, many stocks are at new highs today including Semis(ALTR, CY, INTC, KOPN, MRVL, PXLW, TXN), Semi Equip (AMAT, BRKS, CYMI, KLAC, KLIC, LRCX, MTSN, NVLS), Computers (AAPL, GTW), Storage (EMC, NTAP, VRTS), Retail (BBY, CLE, FL, GPS, LIN, JWN, OMX, PETM, ROST, SPLS, SVU, WMT), Internet (AMZN, EPRE, VCLK), Capital Equip (CAT, DE, DOV, IR, NAV), Brokers (JEF, LM, TROW), Dow Stocks (AA, AXP, INTC, MMM, UTX, WMT).

To: Johnny Canuck who wrote (40110)	8/23/2003 12:13:07 AM
From: Return to Sender	Read Replies (3) \| Respond to of 72370

AUGUST MARKET TURNS frontlinethoughts.com While most people view the last 2 weeks of August as vacation weeks, over the last 16 yrs important turns have taken place then: August 25,1987 - the exact top prior to the crash.. August 23,1988 - low has never been returned to.. August 24,1995 - low has never been returned to.. August 19,1998 - top preceding 18% plunge in 2 weeks.. August 31,1998 - important market bottom.. August 31,2000 - 2 days before all time high.. August 24,2001 - end of rally ,market drops 22% in under a month.. August 22,2002 - exact rally top, market drops 21% in under a month. (Courtesy of Peter Eliades of Stock Market Cycles.) Four out of the last five years have seen a major turn in August. As I glance over my shoulder at the screen, I notice that we are near the highs for this run. Just food for thought. From John Mauldin