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Yes, but, Gaetano, look at the stochastic at the top of your chart. Each
time the comit made a new peak it was coincident with the second peak of
each stochastic pair. Are you planning to take a short position?
BobR
At 10:21 PM 7/17/97 +0200, you wrote:
>It would be an usual news for stock markets like Wall Street, London, and
>other european (Frankfurt, Paris, Zurich) and asian ones. Not for Italy!
>There are three dates italians remember well: the referendum for republic
>(1946), the last victory in football world championship (Spain, July 1982),
>and the all-time high for the stock market: May, 20, 1986. Over eleven
years!!!
>But today, after an explosive uptrend (nearly 50% since the beginning of
>current year), Comit Index has reached and exceeded its previous record at
>908.20, with a noticeable 922.68 (+3% on previous day).
>For those who believe US markets aren't all, here is the Comit Index weekly
>chart starting from 1981. Have a good vision!
>
>Attachment Converted: "c:\eudora\attach\comit.gif"
>
>
>%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
>Gaetano Arnaldo Evangelista - BARI (Italy)
>E-mail: ageitaly@xxxxxx
>URL: http://www.geocities.com/wallstreet/8492
>%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
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