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Strategies & Market Trends : MP - Market Pulse

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To: John Madarasz who wrote (176)	6/29/2001 2:00:14 PM
From: HairBall	Read Replies (1) of 1328

John Madarasz: (COMPX) Your line provided an intraday pullback yesterday and with today's rapid accent above the line it provided support. The price action is now intersecting the falling resistance line from the 5/22 high with the second point being 6/7 high. Additional resistance is just above from the supportive trend line (now acting as resistance) of the previous rising trading channel originating from the 4/20 high. With my intraday technicals just about lined up in the overbought range, I am looking for a pullback to begin, if not this afternoon, Monday AM. (The pullback may have started with the 13:45 ET 15-min bar.) Regards, LG

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