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PerfectSage

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PerfectSage

Re: Onthego post# 285

Saturday, 05/27/2006 11:09:49 AM

Saturday, May 27, 2006 11:09:49 AM

Post# of 292
Hi otg

Right now the long term for the markets is still bullish, but the intermediate term trend has turned bearish.

Don't forget, October is the month long term bull & bear markets start. The yield curve is back to normal after being flat for a while.

Watch the yield curve, if it goes inverted this summer, there's going to be a bearrorist attack on the markets in the fall. lol

http://stockcharts.com/charts/YieldCurve.html

Watch the nasdaq chart too. The nasdaq while be the first index to break down to 52 week lows.

The naz started hitting 52 week highs for the first time in Q2/2003, looks like it hit 52 week highs in Aug 2004 a little bit, and has continued hitting 52 week highs since.



Pick it
Pack it
Fire it up, come along
And take a hit from the "52 week high" bong

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