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Strategies & Market Trends : Classic TA Workplace

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To: ajtj99 who wrote (116205)	4/7/2005 8:22:06 PM
From: Galirayo	Read Replies (1) of 209892

I don't know about all the other markets, AJ .. they end up doing as they want anyway. They have been exhausting to say the least. I do think that the SOX will continue up tomorrow .. find R near 420ish and hold or maybe break thru that 420 area. That is a nice Tower Bottom or Rectangle the SOX is in. ttrader.com Crude traders will dig in before the weekend and go long till Monday just in case something unexpected happens. Then hopefully crude sells off before another build Wed. Which gives the rest of the markets a much needed rotation even if crude dollars just go into the USD. My last guess was crude at 46 / 47ish. We have a lot of Oil now in storage .. and more on the way. The wrench could be the SOR ? ... Strategic Oil Reserve. Hope the Gov does not decide to add at this price .. it would be a double whammie. Bad Timing and Our Tax Dollars at Work. Just Thoughts. Ray

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