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Strategies & Market Trends : Group Therapy
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To: Duane L. Olson who wrote (2194)8/28/2000 3:53:11 PM
From: E. Graphs  Read Replies (2) of 4564
 
Duane,

I would love to see a test of the 4289 area. That might even serve to break the rising wedge on the 60 minute chart. This seems more probable now that we've rallied this morning and broke 4066. If the wedge were going to break down today was a good opportunity and 4066 was a near perfect resistance level.

Next, should we hold this new support level near 4066, we'll see if the 4289 target area serves as a sell-off into October or a springboard for a rally into elections.....I guess.

E
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