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Re: Difference between now and February 27
looking at the DowJones & comparing the bearish patterns in feb/march, then in june & then up to a fortnite ago:
they look very similar, on each occasion a couple of nasty dips followed by a tentative rise & eventual resumption of uptrend. but the most recent one then distinguished itself by a collapse all the way down to a low of 12500 & any upswing such as we are witnessing now, is not as yet inspiring confidence.
seems to me that it's a brandnew ballgame & the ball is in the Dow's court. recent moves by the Fed altho expeditious, not entirely reassuring. pretty sure there will be retest of the 200ma (~12800) within three months from now, confirming downtrend.
Last edited by amory hill; 08-25-2007 at 10:04 PM.
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