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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Trumptown who wrote (286515)5/7/2004 2:14:31 PM
From: Michael Watkins  Read Replies (1) of 436258
 
Actually I lied... I do plot the COMPX but I don't watch it for support levels.

The only positive outcome for today is if SPX and NYA and DOW all rally strong and form some kind of hammer here on their test of the April 30 lows.

trendvue.com

Anything less and Monday probably gets sold too.

Even if they manage the hammer, Monday might still get sold. I love a broken hammer... when I am short ;-)

Those May lows might prove irresistable. Of course... many longer term longs really want price to go there anyway so perhaps it won't happen.
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