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At 11:19 AM 1/9/99 -0500, you wrote:
>Hello Peter,
>While I hesitate to disagree with you, I think your selection of end-points
>for your thick black line is rather arbitrary. If the black lines are drawn
>across the top of recent highs, they have both broken out this week. You may
>be proven right with some more hindsight, but IMHO, this week's action is
more
>confirmation than divergence.
>Martin.
>
Martin,
It is more a matter of new highs vs. no new highs. My personal bias is to
expect more upside on the Dow, running into a large topping formation (i.e.
H&S) over the next 2-3 months. That aside, it is merely interesting to note
that the TRANS have not yet confirmed the new highs in the Dow.
PG
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