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

To: mishedlo who wrote (29280)	3/24/2005 1:20:06 AM
From: John Vosilla	Respond to of 110194

This broad index of 522 banks is something also to look at as it just broke support on a failed triple bottom and broke below 200 dma. Perhaps a headfake for now as it also did this in early Many 2004 before quickly reversing so time will tell. finance.yahoo.com I would say if the banking index breakdown holds, the SOX fails to triple bottom at the August 2004 low and breaks support and the transportation index fails double bottom at 3500 and the still rising 200 dma we have a serious bear market. I see all this as more plausible as a June-July scenario. finance.yahoo.com