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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (1467)11/23/1999 11:40:00 AM
From: fut_trade  Read Replies (1) of 19219
 
Well, this is just speculation, but on the SPX weekly chart it looks like a head and shoulders top may be 1/2 completed, and then there is a potential double top on the daily chart. Of course, the economy seems to strong long term for such formations to be completed. One thing though, is that the primary trend line (SPX 1416) that lead this rally from Oct. 18 was penetrated today.

I'm just in wait and see mode now. No current position. SPX neutral.
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