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

To: Lee Lichterman III who wrote (16572)	6/15/1998 3:54:00 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69133

Hello L3, It looks like you are a night owl too or is it daytime in your part of the world. They techncials on the daily are all in the mid-ranges with a slight downward bias. This is not all that convincing a case either way IMHO. iqc.com The weekly chart on the DOW 30 is more convincing though. It gave a sell signal on Stochasitcs, RSI and momentum 4 weeks ago. All indicator were in the overbought area. It looks like we could be vunerable down to 8192 on these charts. iqc.com You need to put this picture together with your read of the NASDAQ, , the Russell 2000 , the DOW Utilities and the Transports though to get a complete picture as it can just be the funds rotating into safer investments such as bonds and utilities. What are you using for your technical indicators? Regards Harry