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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Tommy Dorsey who wrote (1026)10/14/1999 7:04:00 PM
From: Jorj X Mckie  Read Replies (2) of 9427
 
Hi Tom,
I was comparing the SPX and the S&P Dec futures charts and noticed an interesting anomaly.

The SPX came down to the BSL on the 5pt chart and bounced back a little today. At least giving the appearance that support is being tested.

The S&P December contract broke through a double bottom on the 2pt chart and broke through the BSL on the 5pt chart.

Both charts look like high pole reversals.

Do you think that the difference between the futures chart and the SPX chart has any relevance?
Tom
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