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this trend line will be broken by mid odtober
Ben
----- Original Message -----
From: "Mr. Kevin B. Bantz" <kevinbantz@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <lwside1@xxxxxxxxxxxxxxx>
Sent: Monday, October 04, 2004 6:33 PM
Subject: [RT] Accumulation or Distribution?
> Y2004 has turned out to be just like the previous two years ending in
> four, sideways.
>
> Considering that the market can only go one of three ways, when the
> SP500 decides to
> breakout of it's nine month trading range, it'll be either up or down.
>
> Spending nine months in a sideways fashion AND one of the narrowest
> ranges in decades,
> the coil is wound pretty hard.
>
> Some point to a low VIX, VXO, VXN yet we've seen and can trade down to
> the 8s and 9s.
>
> So one has to decide if its an accumulation or distribution phase.
> http://www.investopedia.com/articles/technical/04/050504.asp
>
> Low volatility and low volume are the tell-tale signs... One is never
> bored at a top.
>
> As long as prices remain above the blue line, the trend is still up
> from breaking the
> red line back at 870.
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
>
> Bantz, breeding bears into bulls...
>
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