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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Gush who wrote (7721)	4/13/2005 2:43:41 AM
From: Walkingshadow	Respond to of 8752

<< The long term trend is now BULLISH IMO. >> Yes, very clearly. I agree, and so does the chart. The long-term trend has been bullish since Oct. 2002, when a clear reversal occurred: 139.142.147.218 << The Medium trend is now BULLISH IMO. The short term trend is now BULLISH IMO.>> Do you have any evidence to support these assertions? <<Bottom hit brutha. >> Based on what? A single afternoon rally that was attributed to the Fed confirming something everybody in the market already knew to be true (i.e., they would raise 25 not 50 bp) ?? T

To: Gush who wrote (7721)	4/13/2005 9:48:29 AM
From: Walkingshadow	Respond to of 8752

Market gapped down, a sea of red out there, and things look set for a down day, and further downside. Retail news below expectations this morning, but index futures were trading lower long before that was released. So we are looking at yet another example of lack of follow-through, a down day, and further downside after that. I am glad I am short, and have no plans to cover in the near future. I'll probably maintain this position until I start to see evidence of a bottom forming. So far, I have seen exactly zero evidence of a bottom. T