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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (17466)	11/1/2002 5:23:52 PM
From: chowder	Read Replies (2) of 23153

KB, I'm not sure what to think as I look at the DIA or INDU charts. When I look at them, they are flat-lining. I don't see a trend, up or down. I tried to get a clearer picture with the hourly chart and all I see is a sideways market with a narrow trading range. stockcharts.com[h,a]eaclynay[pb50!b10!f][iut!Ll14]&pref=G In my opinion, this is the worst environment to try and predict or anticipate forward guidance. I need a trend, one way or the other, to be useful. We could be topping off, or we could be consolidating for a breakout. I'm not sure yet and the charts don't help me at this juncture. I have no interest in this market and am patiently waiting to see if it's going to breakout or crash. Either way is fine with me, anything but this annoying flat-lining will do. However, the weekly chart is showing a possible reversal pattern for the intermediate term. I would guess that we will know the direction of the trend by mid-week. stockcharts.com[h,a]waclynay[pb50!b10!f][iut!Ll14]&pref=G dabum

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