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To: At_The_Ask who wrote (104112)8/11/2004 12:42:05 PM
From: The Freep  Respond to of 209892
 
The thing that puzzles me, ATA, is the non-tech indices. They didn't make new lows here, unlike the SOX/NDX, etc. Now, I guess that's a positive divergence, but it also seems like something that could easily be corrected... and thus keep tech from rallying too aggressively. I know everything doesn't have to synch up and all that, but it is curious.

Well, to me, anyway.

the freep



To: At_The_Ask who wrote (104112)8/11/2004 12:49:38 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Yeah its a tough spot to go short the indices. But there are some stocks as I've mentioned that are effectively backtesting breakdowns.

Trend is down still and I see nothing on this bounce which has impressed me. How much lower we go is up for debate but I wouldn't go long here.