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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (80032)12/16/1999 4:25:00 PM
From: pater tenebrarum  Read Replies (2) of 86076
 
i believe the cash bond was yielding above 6,4 for a moment during the day...maybe i'm mistaken. anyway, one more day of selling, and the TYX is off to the races. of course it will probably stall here for a little while and maybe make a weak bounce before it really gets going. chart-wise it's right at the upper trendline of the consolidation between 6 and 6,4 and the whole upmove from October last year...that move looks like a rising wedge, which would normally argue for a retracement of the move, but if it's negated, the ensuing move will be swift and unrelenting for a while. sort of like the NAZ of late, which broke out from a similar looking formation.
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