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The saying was that the low and midcap stocks moved
before the rest of the markets. Attached is a chart showing the Dow in
black and the Russell 2000 in red. Some of the moves are more extreme on
one than the other but other than that they seem to move in lockstep with one
another. They both seem to have found temporary support at the longer
cycle price objective for the dow at 10,821 and the short cycle target price of
10,596. For price to start higher it would ahve to go through 12,577 and
then the first price objective would be 14,313. These numbers will be
slightly different on the web site due to the expansion and contraction of the
chart.
There is commentary on the Dow and a daily chart on
the web site.
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