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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Walkbarr who wrote (6561)	6/17/2005 11:59:54 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 12411

Good move... BTW 1255 cash is a 0.618 retracement towards the all time high What's interesting about these last 30 days are the market internals volume... New Highs/Lows... adv/decl... 25d cuml sum adv/decl Volume on the INDU May 04 gave + 127 on 23,064 May 18 gave + 132 on 22,600 Since the 4th volume has mostly ecked out 15,000...18,000 But declining volumes have predominantly favored the advancing issues... and over the last 15 days the number of new highs have risen into the 240-260 range However... the DOW's only moved up 170± ponts... SPX 23 ticks IMO.... This favors the buyers and suggests one should buy the lows rather then sell highs... The Trend in place is higher, until the internal numbers change...