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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	4/23/2003 3:05:48 PM
From: The Freep	Read Replies (1) of 209892

I gotta know. What is so important at 800 BKX? Seems like I can count 7 hits on the weekly chart there without a break... and prior to that an 806 high. That is just... odd. Market don't do septuple tops, and neither does AJ. <g> On the daily, the -di is as low as I've seen and might worry me as a long, but the weekly of the BKX wouldn't worry me much if I were long. We hit so much resistance today in so many spots that it's no surprise we stopped. We pierced the Jan high on the SOX. Triple topped on the Dow. Pierced the Jan high on the Naz. Hit 800 BKX. New high on the BBH, well above teh BBands, etc. Still, we aren't selling off from those spots with gusto. Far from it. AA's NDX target is still aways away...but heck if I can figure out when or if we make it there.... the freep

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