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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (28354)	8/24/1999 10:20:00 AM
From: John Pitera	Read Replies (1) of 50167

Iqbal, the 1358-61 area is the .618 retracement of the spx decline from july 19th to aug 10th. so it is a logical selling area for some of the pit traders. the high we had on aug 17th looked to be a 50% retracement of the decline mentioned above. John

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