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Hello
if the end of today is showing good ad line and good up down volume
chances are we will be up pass 1103 sp Fri.
here is another man view
Conclusion:
Bond yields moved slightly lower last week.
Yields are still in the narrow down trending channel that is 11 weeks old.
The weekly indicators are now moving down suggesting the next major move
will be lower but the last six weeks have found support at 5.34% three
times.
This looks like a triple bottom, which would mean a move up in yields.
If stocks and bonds remain de-coupled (as they have been for 3+ years)
this means that stocks should rally.
The Select Family average moved lower last week to find support at the lows
of two weeks.
The daily indicators are all showing positive divergences suggesting the
next
move will be at least to the top of the down trending channel 4.6% higher.
The Russell 2000 moved lower last week to find support at the lows of two
weeks ago.
Prices should now move to the top of the channel at 473 or 1.7% higher.
The RSI has a positive divergence suggesting prices will break out of the
channel.
The NASDAQ 100 moved lower last week to the bottom of the channel.
Prices should now move to the top of the channel at 1467 or 8.2% higher.
The RSI has a positive divergence suggesting prices will break out of the
channel.
----- Original Message -----
From: "dowsp" <dowsp@xxxxxxxxx>
To: <gannsghost@xxxxxxxxxxxxxxx>
Sent: Monday, February 25, 2002 10:33 AM
Subject: [gannsghost] dow/spx update
> Well Ben you were right about it remaining bullish, certainly on the
> dow for now anyway.
>
> 10053 we and truely broke.
>
> I for now am staying out until I can get my head around this new
> scenerio.
>
> That support level on the angles from sept low proved very strong
> support as a few on GG have indicated.
>
> The spx, last time i looked was still below 1103.
>
> I think if spx breaks 1103 and we later get a higher swing low , I
> MAY look to go long.
>
> NOT sure if you still think tuesdays a down day or what you think mkt
> will do over next 2 to 4 weeks.
> Do you see 1250 possible or another 10300 top or higher dow,?
>
> Pete
>
>
>
> To unsubscribe from this group, send an email to:
> gannsghost-unsubscribe@xxxxxxxxxxx
>
>
>
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>
>
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