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Politics : Idea Of The Day

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To: Jerry Olson who wrote (38315)	4/9/2001 11:23:53 AM
From: James Strauss	Read Replies (1) of 50167

'll post my thoughts here at noon tomarrow...but any break of 1180 is D&D(death and destruction) for the SPX...cycle lows Thurs to Monday.. later, the Sopranos are coming on<G>... OJ: I guess you meant 1080 on the SPX... : > Pretty good looking indicators on the SPX chart... bigcharts.com Several trendlines converge in the 1150 area for a possible short term upside breakout target... Right now the SPX is above its 13 day MA and its 34 day price linear regression line... I have several short term and intermediate term trendlines that are slanting up and down around the price points... Beginning to look like a possible Symmetrical Triangle formation chartpatterns.com A FED rate cut this week could do wonders for the market... No cut could take us back to retest the 1080 area and possible the 923 area... Jim

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