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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (2619)	3/21/2004 5:24:38 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 116555

Anyone taking note of the BP% breakdown on the comp? Here is the P&F chart of the naz comp, of interesting to note, since the beginning of Jan., each time the index has hit a double top it has failed to break through and has broken to further lows, 3 times now. Currently the comp has now reversed into the "O" column after hitting the 4th double top( only one double break higher, and that was up at 2080)...a print of 1930 breaks the bullish resistance line, 1920 a double bottom break...Looks like we are in a super critical technical area here...Should be an interesting week ahead, if 1920 goes by the wayside, I'd guess we move rapidly down to 1880's and possibly lower to the mid 1800's stockcharts.com