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

To: Johnny Canuck who wrote (45008)	9/29/2008 11:20:23 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70930

Dow 10,365.45 -777.68 -6.98% Chart for Dow Nasdaq 1,983.73 -199.61 -9.14% Chart for Nasdaq S&P 500 1,106.39 -106.62 -8.79% Chart for S&P 500 30-yr Bond 4.1610% -0.1960 Chart for 30-yr Bond NYSE Volume 7,595,513,500 Chart for NYSE Volume Nasdaq Volume 2,888,982,750 [Johnny: Significant record volume on the DOW, not as significant on the COMPX. A short term bottom is in place on the DOW potentially. All the indices need a higher high than the July low to confirm a successfully test of the recent lows. I would expect a gap open tomorrow as main street investor panic at the open. We should see some form of counter rally at 11:00 AM EST. The strength of that rally will tell us the attitude of buyer later in the day. These conditions opinion are held for minute and hours not days. It is important to be nible if you decide to take a position as opposed to standing aside. There is value being created, but I doubt you want to try to call a bottom here.]