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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (21808)10/17/2001 7:39:15 AM
From: Jerry Olson  Read Replies (2) of 52237
 
Morning Paul

the SPX has overhead resistance on the weekly chart at about 1035/37, thats the 20 ema...the chart has a high ADX reading too..48+ and it will break over 50.

however the daily has the look of an inverse head and shoulder that will breakout today...

yesterday i sold my longs...and will await the next move down to enter the long side...always 1-2 days early<g>

the markets are very frisky here...lots of sideline cash out there for fuel...
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