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Strategies & Market Trends : Sharck Soup
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To: besttrader who wrote (26774)6/8/2001 12:28:54 PM
From: StormRider   of 37746
 
12:26 ET Dow Industrials : -- Technical -- Index drops a quick 100 points after trading resumes and
all stocks are still not open. From a short term perspective, without a reversal back through at least
11,000 the index will remain vulnerable. The next support is at the initial pullback low of 10,835. Given
the posture of some of the indicators, there is potential for the slide off the May high to develop into a
more extensive correction with next supports at 10,775 and the 10,673/10640 area.
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