Colin Powell doesn't address the UN until 4.30pm after the close -- ERG smartcard stuff2

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Subject:

Colin Powell doesn't address the UN until 4.30pm after the close

Author:
U.S Markets..

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Date Posted: 04:28:18 02/05/03 Wed
In reply to: U.S. FUTURES & MARKETS INDICATORS--9pm Oz 's message, "5/1/03" on 02:33:47 02/05/03 Wed

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sunline (ID#: 405875) RE: re bounce 5/2/03 10:01:03 PM 6003853
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The current downdraft is not convincing evidence of a major short term problem although the markets are in a long term decline. The volumes have been thin.
It's a great buying opportunity for clever players. When everyone is calling it down it doesn't usually happen. The last few days have been a buyers' strike not a sellers evacuation. The volumes have been very thin.

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sunline (ID#: 405875) RE: re bounce 5/2/03 10:04:55 PM 6003856
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The US trading tonight will be stifled because Colin Powell doesn't address the UN until 4.30pm after the close. The first market to show the impact of what he says will be the ASX.
Interesting times ahead. The worst indicator around is the monthly chart of the All Ords back to the late 80's showing the breech of a long term uptrend with short failed rallies.

Down on thin volume is not a very bearish sign just the same way that up on thin volume can even be considered bearish.

The only bears I know are now taking long positions.

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Replies:

Subject	Author	Date
(NT)	S&P500 stochastic. 6/1/03 Oz time.	07:05:57 02/05/03 Wed
Re:Okay this bloke is buying just above pivot support at 839/lets see well he goes. -- Buying _INX at 844.27 or better. Will reshort soon., 07:35:21 02/05/03 Wed
Re: Colin Powell doesn't address the UN until 4.30pm after the close	I can't help it it is th guru in me--my view war stuff	07:47:42 02/05/03 Wed