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Strategies & Market Trends : Sharck Soup
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To: Sharck who wrote (30142)7/6/2001 11:01:11 AM
From: Softechie   of 37746
 
Dow Industrial Average : -- Technical -- Index fighting to remain above support at the bottom of a trading range from Nov 00/March 01 near 10,290. Is deeply oversold on both an intraday and daily basis but signals have yet to be generated. A stabilization above this area would be the first step but the index needs to work to back through at least 10,394 (June low) to build the argument for a bottom of at least short term importance. Failure exposes the 50% retracement of the entire recovery rally at 10,228.
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