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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (221)	4/9/2008 4:05:11 PM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

Dunno B. Ain't much of a backtest on TRAN yet. Sure, it's an ugly stick today, but no real damage done. Whole bloody market still mired in jello. I see nothing the last few days to change my opinions one way or the other. With respect to the move out of the January lows: Don't need to tell you, that corrections can present more "chart violence" to the upside than the best bull run. It confuses the hell out of people. A seasoned bull would not want 5% up days. A wise bull would want slow steady up, with lots of little retracements, but not this kind of overlapping price action. Out of the January lows, all I see is overlapping jello. It's sideways since January. BTW, see Russell is still calling for new ATH all 'round? Pretty sure he's seen it that way for many months. This would all be based on Dow Theory stuff -- interaction of Industrials, Trannies, Utes.