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My long term tool of WEEKLY , suggests we are
close to a top (max updide 10-15 sp points)
Ben
----- Original Message -----
Sent: Monday, May 23, 2005 10:43 AM
Subject: Re: [RT] nyse/sp500
I suspect the blue one may nail it today. Any decline is possible given
the elevated risk factors, however on the surface those deep ones look
improbable.
Earl
----- Original Message -----
Sent: Monday, May 23, 2005 8:27
AM
Subject: Re: [RT] nyse/sp500
This is one view from SwingMachine using
relatively short
distance between pivots.
Clyde
----- Original Message -----
Sent: Monday, May 23, 2005 8:30
AM
Subject: Re: [RT] nyse/sp500
NASDAQ has been relatively stronger than NYSE by many measures,
however NYSE is still looking good on its own (see attached charts). Both
are quite extended here but there should be more to upside. However, as I
keep saying, risks are elevated, especially as viewed in credit
spreads.
----- Original Message -----
Sent: Sunday, May 22, 2005 9:51
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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