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montanamark

04/16/05 1:13 PM

#381221 RE: plexxus #381216

have you charted the weekly dow? the trend line from feb 2004
highs to nov 2004 wedge breakout trends to 10025. thats the level i will be watching monday morning. if that breaks hard
9750 to 9725 looks possible. if 10025 holds and a bounce materializes it could run back to 10365 breakdown. weekly looks like an uneven double top with neck @ 10365.

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Zeev Hed

04/16/05 7:02 PM

#381277 RE: plexxus #381216

Plexxus, everyone is assuming that numbers are going to be bad for the SPX, but GE, with annual sales now around $160 B (1.5% of total GDP) had an internal growth rate of 10% (without acquisitions), this is not what happens to GE when the economy is going down. GE had 25% growth in their industrial segment, that does not happens when the economy slows down.