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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (29472)	1/29/2002 10:53:32 AM
From: The Freep	of 209892

<< It's gonna take an outside event. >> Well, we've got the State of the Union, the 4th Quarter Preliminary GDP and the FOMC. I view them all as non-events, but a surprise in any of them could have an impact. And that's all within the next 28 hours. Just imagine if the GDP comes in as barely down, thus "proving" that the recession is "probably already over." (Yes, I know -- it's all spin). Three times in the past four trading days we've topped out at 1959 (give or take .93). I recall from hard stock-owning experience that triple bottoms don't hold very well. Do triple tops like this have a tendency to give way the next time they're reached? the freep

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