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Oversold/sentiment indicators point to a fairly significant rally.
Seasonallity points to a top in the Labor Day/ Mid-September time frame with
a characteristically weak October/early November followed by a
characteristically strong November/December.
Remember what they say about opinions though.
Dan
>From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: Re: [RT] One Day Rally or Start of New Trend
>Date: Wed, 24 Jul 2002 22:34:25 -0400
>
>Trading rally topping out in 1-2 months.
>
>Kent
>
>
>----- Original Message -----
>From: "John Cappello" <jvc689@xxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Cc: <MedianLine@xxxxxxxxxxxxxxx>
>Sent: Wednesday, July 24, 2002 10:23 PM
>Subject: [RT] One Day Rally or Start of New Trend
>
>
>
>I am surprised to see little comment on whether the rally today is
>sustainable or is it a one day wonder. I have personal pros and cons
>for both positions but would be interetsed in hearing others.
>
>John
>
>
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