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I just took a look at some of the markets. ND
composite, DJ 65, RUT, INDU, SPX, OEX and the NYA. The only one that
hasn't hit a longer term entry is the NYA. Every other index noted has hit
a longer term entries on the daily chart. They are all also set up
for a good looking retracement. There are no entries for a down move
at this time, but the extremes are in place. You could check some of the
sector holders for additional information.
----- Original Message -----
Sent: Sunday, May 22, 2005 8:51 PM
Subject: [RT] nyse/sp500
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As the S&P and NASDAQ look
promising, one has to wonder why the NYA Index that is heavily
traded
by Institutions is not making the same kind of movement.
Are Institutions behind this move or not?
Note that the index has
not moved up to a recent new high level and remains in a trading
range. Also
note that Friday's close was below its upper
resistance line and this is divergent from what some of
the other
indexes are doing.
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