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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (39352)	10/28/1999 8:10:00 AM
From: Jerry Olson	Read Replies (2) of 44573

just looked at the spoo on P&F...1350 was an area of 2 other tops, one in Sept the other in Oct...along the bearish resistance line... if we run up to there, we would actually break this line from about 1325 on the P&F chart..which would be the FIRST break of that downtrend line since JULY!!!!! 1350 would be stiff resistance imo...next higher number would be 1370... so here's a guess from me."IF" we rally here, and hit 1350, we will selloff back down to this trendline from above..to "NEW" support at 1325...a higher low... we have made 2 higher lows at 1275 and 1290, so any slam might take us back to test one of those numbers..but maybe 1310ish could be the next higher low???

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