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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.91

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Nov 14 4:00 PM EST

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To: j g cordes who wrote (26074)	4/12/2000 12:20:00 PM
From: shasta23	Read Replies (2) of 68025

>>Applying support resistance theory to these soaring charts may not be appropriate<< Noticed that too...just slicing through. Seems to be true for the NAZ as well if you see it as an individual stock chart. Wonder if this is a ABC correction going to the 200sma around 3500 on COMP? But actually one thing i want to learn from my bad experience last week(a heavy dose of predicting the turnaround) is not to think about where things are going since i don't know and nobody knows. I try to teach myself to OBSERVE rather than making theories. Lot's of mind games in this thing...maybe meditation isn't that uninteresting in terms of the market as well...pure observation detached from emotion. It would be helpful for me for sure!! Stefan

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