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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who wrote (542)	12/21/2000 6:40:17 AM
From: GROUND ZERO™	Read Replies (2) of 12410

A lot of homework? Not with a long term chart and a calculator...<g> BTW, we can also include the fact that the markets will be closed on Monday, that generates a time gap; a nice opportunity for a turning point... and one other factor here, today is the last day of Autumn which means the winter solstice is tonight... a change of season is an influencing force for a change of market direction... so there are several factors coming together at reasonably close time proximity to increase the probability for a market turn in this time vicinity..... An internal support point can be reliable if it's a major one, just like the standard support lines we all know about... there internal support/resistance points are reliable enough to trade when prices touch them... we'll see if this one holds... this one is a five year support point..... GZ

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