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Strategies & Market Trends : Trend Setters and Range Riders
MSFT 474.82-0.8%Dec 15 3:59 PM EST

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To: backman who wrote (20955)7/21/2002 11:22:40 AM
From: Susan G  Read Replies (1) of 26752
 
I think the reason the S&P is in so much trouble, is everyone - including Europeans - are shorting the hell out of it due to the break of the massive head and shoulders.
The world is watching this chart pattern <vbg>

That big article in the Financial Times in London weeks ago, pointed the pattern - and huge downside target - out to the entire world! I think the S&P deletions added pressure, but it started to break down well before that announcement...
This article was posted on July 12th, about 100 points ago on the SPX.

investor.ft.com.
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