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

To: skinowski who wrote (302)	4/15/2008 11:10:15 AM
From: AllansAlias	Respond to of 3209

Well, I am still looking for that SPX 1410 print and then down again. Things are weaker the last session or so than I would have expected, so it has me nervous that the down has already started, but not enough to lift the equities position just yet. I've given up on semi's to provide any meaningful strength the next weeks. They look hosed to me. When a chart that has a pattern, like the SMH/SOX coil, does not properly resolve, it is a pretty good signal. Oil charts are a mess of jello out of the Jan lows, but in the wide timeframes, such as a monthly chart, there's nothing bearish I can see, such as broken trendlines.