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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Jorj X Mckie who wrote (846)10/8/1999 7:52:00 PM
From: Challo Jeregy  Read Replies (1) of 9427
 
JXM -

I agree that the tech sector was obviously turning over today.

The SPX closed just under the trend line connected from the highs of
July 19 and August 26 and appears, in all liklyhood (likelyhood, likliehood, licklyhood - errrrrr how does one spell this thing!!!!!!! <g>), to be strong resistance right now.

But, let's just say, next week (somehow) the SPX breaks that trend line, and moves up. Would you feel the same way?

Sector rotation could well keep this market up. It certainly did today.

edit - found it! <g>

likelyhood
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