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The NOW Index, my proprietary measure of
stock option sentiment, went into buy territory as of the close of Aug. 28. with
a + 1.53 reading. 1.50 or greater is considered a buy. <FONT
face=Arial size=2>This means that it is likely that the US stock market
is within one trading day of a rally. However, if the NOW has additional
days of being in buy territory, this increases the chances for a major bottom
and rally. I wouldn't make a trade based on only one indicator. But,
with NOW in the buy zone, I would be very careful or avoid being short and look
for low risk buying opportunities.
Offering support to the NOW buy
signal, my Planetary Index is pointing higher and my
Fibonacci Cycles forecast model is due to make a low now.
Travel at your own risk.
Good Trading,
Norman Winski
<A
href="mailto:nwinski@xxxxxxxx";>nwinski@xxxxxxxx
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