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

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To: Tom Trader who wrote (4677)9/25/1998 12:12:00 PM
From: donald sew  Read Replies (1) of 44573
 
Tom,

If today closes flat or up I see the possibility of MONDAY being up and possibly up strong.

8150 range is now the next resistance area and the main/stronger resistance at 8350.

The FOMC is messing up the technicals now, which is obvious. Its hard to read right now.

From a quick calculation, if the DOW was to close flat my short-term technicals will be aroung 65-70 which indicates that the upside potential is about 2-3 days/150-350 DOW points. The downside potential is much greater.

Seeya
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