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Strategies & Market Trends : Sharck Soup
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To: pressboxjr who wrote (23305)5/16/2001 8:12:10 PM
From: velociraptor_  Read Replies (3) of 37746
 
I am right there with you. There is a wealth of evidence that says this should not happen, but the charts are now saying the opposite. All of that evidence was there while the DOW rose 2100 points and it did not seem to care. Now the charts say, I want more.

I would not be surprised to see some kind of pullback first though. However, a move back to 11,050 may be a good long entry with 11,000 as a secondary entry. Any move now back below 11,000 would be considered bearish, but currently the bias is bullish.
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