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Updating my work over the weekend indicates that a) the NYSE continues
on a sell and needs some extended work to build a base which will
support a SP rally to new highs and b) the NASDAQ continues on the sell
signal from the 15th and the daily/weekly models are in rather decent
shape with a buy signal possible at any time - the risk in such a buy
signal will be considerably reduced if the NASDAQ undergoes a 8-10%
price correction.
Earl
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, February 27, 2000 8:47 PM
Subject: [RT] Re: Bull - bear
> i agree with Steve (if we close under 1330 cash we are in trouble)
> however
> the relative strength of the sp500 to the dow is foretelling that this
may be
> a bottom
> Best regards,
> Ben
>
>
>
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