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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (147014)	8/1/2007 7:32:31 AM
From: robert b furman	Read Replies (1) \| Respond to of 209892

HI moom, Both the Naz and NYSE are oversold - of course that's not to say it can't get more so. Important to note it has already been a rout: stockcharts.com stockcharts.com Vix spike high and can go higher during total market collapse: stockcharts.com WATCHING BANKS,BUILDERS AND BROKERS AS THEY ARE MAIN PLAYERS IN POOR HOUSING MARKET AND SUBPRIME NADNESS IN MORTGAGES. Still say we have to look for sectors/indices showing strength in a general market sell off.This gives best indicators if the market collapses or rotates.That cannot simply be discarded as FA.IMO Bob Minor violations of indices 200 sma and 50 sma is simply a wall street rinse cycle tactic. Must be grunted through more often than not.