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

To: Chris who wrote (8425)5/11/1998 7:31:00 PM
From: epicure  Read Replies (2) | Respond to of 42787
 
I can't get a good handle on the market yet. To me it looks like it wants to go up. Both the sp500 and the dj-30 had tweezer bottoms stopping the down move over the thurs-fri period of last week. Everywhere I go people write they are going to cash- that is bullish to me. I want to be bearish, I love being bearish, but I need confirmation. I also don't have enough stocks looking horribly overbought yet, either. A few weeks ago almost everything looked that way.

As always your analysis was interesting, thanks for posting it.



To: Chris who wrote (8425)5/11/1998 7:32:00 PM
From: Robert Graham  Respond to of 42787
 
DJIA has not been a good technical "indicator" of overall market performance since the beginning of this year. At times it can show an independance from the rest of the market. I think this is in part due to foreign money interests. I think the S&P 500 along with the NASDAQ will be more telling.

Bob Graham


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