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Up? High point? The djia is down about 800 pts over the past
two months. Was down today and continues to work within a
"sawtooth" pattern. I think we will be range bound until
the election as higher rates/Iraq/oil prices fight it out with improved
corporate earnings/better productivity. Also, from a contrarian
point of view, the put/call ratio is getting very bullish.
Trade well all,
Bob
At 08:38 PM 5/24/2004 -0400, you wrote:
This market is struggling up to its
next projected high point.
Still looking weak to me at this time.
Expect a turn any day now.
Does anyone elses work confirm the same?
Thanks
Lee
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