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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (8200)5/5/1998 11:38:00 AM
From: Chris  Read Replies (2) | Respond to of 42787
 
already restested and heading down (or consolidate)



To: ViperChick Secret Agent 006.9 who wrote (8200)5/5/1998 2:41:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
ibm and txn are weakening intraday. gut feeling is that we are going down as a mkt. the strong stocks are even weakening.

do note that my sp500 is on weekly sell. no tanking in the mkt (break of 50 day ema), but pure consolidation.. as i said, weekly sell can either mean down or just no upward movement in the mkt.

see ya.



To: ViperChick Secret Agent 006.9 who wrote (8200)5/5/1998 2:48:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
i noticed Ike said the sp500 is lagging the Dow/naz b/c of the techs carrying the mkt forward.

I see the opposite where the sp500 is "ahead of the mkt". recall that the last weeks large pullback -- sp500 broke 9 day supports first and also that sp500 actually touched the 50 day ema.

my definition of the mkt is best seen in the sp500.. not the too tech heavy naz nor the too DOW heavy DJIA..

just my thoughts.


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