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

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To: Jerry Olson who wrote (32464)	9/2/1999 2:55:00 PM
From: Chip McVickar	Read Replies (1) of 44573

I see you didn't like my humor....Oh Well My Best Guess....the May high fork at 1305 spx is really powerful and the market has bounced 3 times off it and up in the last 2 weeks. There is a TP at 3:00 - 8d and at 3:30 - 2d Which suggest choppy close or a pause within a run...market is sorta flat now.. My feeling is this sell off is way over done and 1305± will hold even into next week.....The up side today will be limited by 1320 Big question is will next week and more players take it up or down? Well I suspect UP for the first half and we will revisit 1345-55

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