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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (77759)	7/22/2003 1:37:02 PM
From: Henry J Costanzo	Read Replies (1) of 209892

Re Dow...... agree contracting triangle since June, on declining volume...........looks to be bullish continuation pattern, with breakout level something above 9200.....maybe 9225..... Has a roughly 400 point measure, up to 9600 area.......... .How to get there?.......If MMM has just a 5% move from here........IMHO, not out of the question..... that alone would give the DOW 50 points of the 400.... The other 29 stocks going up 1.75 apiece...on average......(generally less than 5% for most of them) ..... could give the extra 350.....

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