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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: FLACK who wrote (84159)	3/3/2004 10:29:02 AM
From: bcrafty	Read Replies (1) \| Respond to of 100058

FLACK, Thanks - I see you were playing the channel as many people were. When the LT of that channel fell, many felt it was time to exit. The RSI turndown on the daily after just having broken 50 wasn't encouraging for further gains, either. I suppose the next important trendline is the longer term one going back several months. If this one falls it could be a biggie.http://share.esignal.com/groupcontents.jsp?folder=&picture=NDX20040303.png&groupid=364 chart courtesy of claptonsguitar I read yesterday where one analyst opined that the jobs number Friday could be a "lose-lose" situation (for further gains) i.e. if it's too high then traders will think an early rate hike is more likely, and if it's too low then traders will think the economic recovery is not making any progress. He implied that either way the number would be sold.