Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Oblomov who wrote (45315)	12/8/2000 6:33:47 AM
From: AllansAlias	of 436258

re MBI: Perhaps. It's at good resistance right here now (going back to '99 and '98) and could be construed as breaking out of the bullish flag (use the weekly chart and draw flag lines using the closes). In fact, closing here or higher would be its highest weekly close since the middle of 1998. If it blows by this by a couple of points I would stand aside. The longer-term chart has an inverse H&S (look at a 3/4 year weekly) that points to resolution at the 1998 highs around $80 -- a better short entry. (PM me and I'll send you the chart I see when I get back from the city this evening.)

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