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Strategies & Market Trends : Sharck Soup

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To: Jeff Jordan who wrote (35811)	9/19/2001 11:02:33 PM
From: milesofstyles	Read Replies (3) of 37746

thx jeff i had trouble with the picture, i got alot of white spaces showing up, the link worked, but the graphic looked bad. anyone else have trouble seeing it? yeah, i didn't know how to respond when i saw that third fifteen minute open candle on the ndx. lol. weekly spx tagged the .50 trace since 1994 as the low. hope it holds cuz i got nuttin but air after that til the .62 around 861. would like to see a retest/recover of the lost trendline from that time (1994)up in the low 1100s currently. if we do get there i expect it to be stiff as it coincides with the .38 level. if over the next few weeks we don't get there, i've called that line the "recession" line in the past and would guess the .62 would be possible. the intersection of that line and one of the 2 current downtrendlines intersect in mid october in that general area as well. guess the big fundamental question that has to be asked remains whether the govt stimulus is enough to offset slowing consumer spending should that continue? veryconcernedstillov

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