MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Chip McVickar who wrote (4395)	8/31/2000 2:40:44 PM
From: HairBall	Read Replies (1) of 19219

Chip McVickar: Bet'en on the upper trend line of the rising wedge to hold one more time...heh? That would be a good place to through down some chips, especially with my shorter-term intraday technicals supporting at least an initial hold and a possible pullback. However, keep in mind the upper trend line has already been breached...so stops just above would be in order. The NAZ Emini 14:15 ET fifteen-minute bar tested the trend line, I suspect a pullback is now in the works…at least my short-term intraday voodoo is suggesting so...<g> The NAZ Emini needs to drop below the rising SRL (gray line) on the chart I posted earlier today on this thread to confirm. Let's see... Two necks sticking out...LOL Regards, LG

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