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to_da_moon

04/07/04 12:31 PM

#227933 RE: marketmaven #227910

Byron Wien (longtime bear) became bullish sometime ago. Yesterday John Murphy said that he felt the recent correction was about over.

Now all we need is green and Iraq problems seem to be dominating the markets.
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Train Guy

04/07/04 2:07 PM

#228014 RE: marketmaven #227910

-- Rick Bensignor points out that the low band of the recent trading range has been 1050-1080 on the S&P 500, with the upper band at 1160-1190 and a triple top at 1175. He thinks the index could get to 1250 this year, but he would be selling into that rally. --

Triple top at 1175??? High for the year is 1163.