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I think we are still in window for peak for end of the counter trend
rally... Remember DJIA is 30 stocks check out NDX .. I'm not an expert in
Candle sticks .. someone else may want to respond.. but it made a big spike
and is in lower section of range which may suggest exhaustion of this short
cover, end of qtr rebalancing...??. I have lower targets that have not been
met yet.. and also we went down on big vol and have rallied back on lighter
vol which in my work is a sell signal not a buy... obviously you have to
look at each stock separately so guess it depends on what you are buying
indexes or individual stocks.. personally I'm using any rally to
short.............Guess we'll see toward close who wants to go home long
given a weekend . I have gone over all 30 Dow Jones stocks the last 3 days
and have only found 2-3 that had potentially constructive charts.. and those
had limited upside potential... so
----- Original Message -----
From: "Ralph Volpe" <rjv@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 28, 2001 11:39 AM
Subject: [RT] INDU
> The Dow Industrials are struggling towards my goal today of +170 points.
> If achieved, the INDU reenters its previous trading pattern. This would
> add to the probability of higher prices and lessen the chances of
> further dramatic drops. As this is being written, the Dow needs 10 more
> points for the day. Wow, what a struggle!
>
> Dorothy and others, are there any opinions and forecasts?
>
> --
> Ralph => E-mail => rjv@xxxxxxxxxx
>
>
>
>
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