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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (43340)	5/23/2006 11:51:22 AM
From: Return to Sender	Read Replies (1) \| Respond to of 67804

Tim, I think we are on the same page. BP lows in August. Some rebound in them even if the market hits new lows going into the fall months. That could lead to a great buying opportunity in October. RtS

To: Logain Ablar who wrote (43340)	5/24/2006 11:18:27 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 67804

The DJIA is the only index still above the 200 EMA and has a positive trend. It looks like it is the last to collapse, so should be the first to re-bounce. Essentially old economy stocks are the last to break. 139.142.147.19 COMPX broken 200 EMA and the trend is down: 139.142.147.19 SP500 broke the 200 EMA, but the intermediate trend is neutral: 139.142.147.19 I don't expect the broader market to go anywhere without the later two indices showing a more positive trend.