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Strategies & Market Trends : Tech Stock Options
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To: Moominoid who wrote (56329)10/26/1998 9:14:00 AM
From: donald sew   of 58727
 
INDEX UPDATE
--------------------

In one of my earlier post I had mentioned that the DOW was forming a DESCENDING TRIANGLE per the 60 minute chart. Per the daily chart it is forming a pennant.

The UPPER TRENDLINE of this triangle/pennant is at about 8500-8510, and the APEX, which will be the same for LOWER TRENDLINE(horizontal) is around 8425-8430. Hard to pinpoint better with the chart Im using.

If the DOW breaks the upper trendline it will imply that the DOW will be moving up more.

Seeya
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