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I am asking myself: "Is April 2001 going to be a down or up month?" If it is
a down month then we have to break all lows by the end of the month and
finish lower (so we would have a "black candle" on the chart). Could the
market do it? If you look at any indicator at the bottom of this month it
was oversold by any mesure (and some established a record). To break that
would be hard. It would require fundamental changes (war, raise in interest
rate, etc). Is it possible? Yes. Probable ???
If the April would be an up month, then market is about half way up (at
least NASDAQ). Just look what was the range of any "up month" scince the
start of the decline in March 2000...
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, April 15, 2001 7:37 AM
Subject: [RT] Mkt - OEX
> Cycle down or breakout? ... Thursday's data provides
> the reading for Monday and that reading is a unanimous sell...
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