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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (13602)	5/10/2004 6:42:40 PM
From: stevenallen	Read Replies (1) \| Respond to of 110194

Nice call on CCL and HOT, looks like you found yourself some easy pickings there.

To: russwinter who wrote (13602)	5/10/2004 7:24:10 PM
From: austrieconomist	Read Replies (1) \| Respond to of 110194

Index sell signal. an "old school" market update. Very likely we have flipped to outright bearish in my index read, at 2(still bullish,Dan Sullivan and Jim Stack) 1-neutral, Ned Davis Research)-3(bearish, Lowry's, Hussman and Russell). I am saying that based upon an exit poll projection from Richard Russell regarding Lowry's service. Russell said this before the market close: <Lowry's Selling Pressure Index as of Friday was only 4 points below their Buying Power Index, and a bad day today would produce a crossing and a major "sell signal."> While Russell never did comment on Lowry's after the close, most would conclude that today was a "bad day" and that the final numbers from Lowry's after the close would provide a sell signal. So, while I have no innate technical skills, I would say that my contraption has just issue a Major Sell Signal. Interestingly, that came just as the Dow breached 10,000 on the downside.