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Technically no... intuitively...
Sentiment is not positive. Earnings will not impress investors
looking for a recovery. Before we recover, a retest of March lows
will occur. Economy will likely not improve for quite a while as
we unravel five years with of enthuseasm and overvaluation.
But that's just my opinion, not a technical assessment.
-- John
-----Original Message-----
From: Randall Kurzon [mailto:rkurzon@xxxxxxx]
Sent: Tuesday, July 17, 2001 11:00 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Intra-day market activity
Well we sure seem to be hitting overhead resistance. One of my proprietary
oscillators says this move up will take a little break now- we'll see. I
show the next major resistance level at about 1220 and then at around 1225,
Friday's high. Anyone see a particular reason we should be stalling out here
(1214-15)?
Randall
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