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Ladies and Gentlemen,
The oex is working within a trading range. Some recent indicators like
short term stochastics recently gave bearish signals. These signals
were unreliable the very same way they were when the bull market was
stronger earlier this year. Also the NYSE a/d line is very strong- just
take a look at it. Fundamentals remain strong, bonds are not at all
like the way they were back in 1987. Bottom line: Don't get caught
sleeping with your shorts on unless you really know what you're doing
Best wishes,
James
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