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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (19760)	7/23/1998 12:40:00 AM
From: CharlieC	Read Replies (1) \| Respond to of 79371

Point taken, on the general action in small caps. But I see several reasons why SPYG might buck the trend. It didn't have much of a run up into earnings, only went from about 11 to 12, and closed lower both Mon & Tues. Earnings were released this morning, and after an expected sell-off following the gap, it continued to get action, especially late in the day despite some probable short selling. Also, even if the Congress isn't successful w/the filtering law, it will take time to unravel. I agree there will be another round of profit taking tomorrow, but wonder if SPYG might be strong enough to overcome and run for a few more days?