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Pastimes : all Bear Clowns Will be destroyed

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To: Arik T.G. who wrote (606)6/30/2002 4:11:26 PM
From: isopatch   of 701
 
Hi Arik. Let's see if 308-310 holds.

Did print $310 US Friday, and bounced up through your target, as can be seen from the lower shadow on one of the 30 min sticks on this 3 day chart.

quotes.ino.com

Been watching your 313 level since you made that 6/17 post, along with several others. So far, very close to Fridays intraday pivot point. Although a little premature to declare a ST bottom before without further confirmation.

futures.tradingcharts.com

quotes.ino.com

It would be perfectly normal for price to make a quick retrace up to 317-18 before further testing 308-310.

But, until the flow of trading provides more evidence that a good bottom is in, it looks to me like the 303-5 area is a somewhat more important level for the yellow to make a stand.

As always, targets are working hypothesis and good discussion -points nothing more. Mr Market will let us know where the bottom is when he's ready:$))

Good to hear from you. PM me when you get a chance.

Best wishes,

Isopatch
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