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


To: Johnny Canuck who wrote (40507)12/22/2003 3:07:11 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 69207
 
December 22, 2003



The market indexes are beginning to show signs of exhaustion as they squeeze above last Monday's highs. I suspect a period of basing, or a minor correction will be forthcoming as we begin the week.

STOCKS TO WATCH:


SPY prints a red bar on higher than average volume.



DIA prints a reversal bar at the end of a nice bullish leg, and also shows higher than average volume.



HD has formed a pullback to support on its weekly chart.



NXTL is basing near highs.



INTC continues to base near lows.