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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: The Freep who wrote (80689)	9/5/2003 3:36:21 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

First:.....<<... who was that idiot yesterday saying HD might make a good long? >> NOT ME....I simply noted that it - plus PG and IBM - accounted for more than the DOW upside yesterday.....But if you want to push me, Freep. I will volunteer to be the idiot to say TODAY that. yes. HD will make a good long......g. Second:......<<....what ..........if we fell back into that 13 week long trading range after breaking out of it on good volume?>>.........I would begin to get progressively more worried if we fell below 20 MSA (today at 1000), below 50SMA (now 992), and broke below the 8/26 low of 983.......Would want to look carefully at some other indicators, especially RSI/MACD, if any of those happened. Third:....<< bank action here...bullish....bearish.....non-commital?>>..........not yet bullish, not yet bearish.....guess that leaves non- commital..........but. true to my bullish bias, I'd say ....not bad .... Agree....<<just for fun.>>