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Strategies & Market Trends : TA setups-ex th traders

DIA 480.51

+0.1%

Dec 18 4:00 PM EST

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From: cthruu	4/15/2005 1:16:31 AM
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OK. Here is a stab below supports to shake out the weak hands. SP: ttrader.com\'s%20charts&id=879&d=2 Now, for SP, 1160 was resistance all through 2004. 200 day MA is at 1153. A gap down tomorrow in this zone that holds in the first hour, should be bought with a stop at first hour low. If the low breaks, head and shoulder measures to around 1097. QQQQ: ttrader.com\'s%20charts&id=879&d=2 Looks like free fall but they will probably bring it back to 36. Again if the first hour low holds, I expect a rally. VIX at 14.53 closing is 10% above 10 day SMA and EMA. I expect the markets to find lows over next few sessions, if not tomorrow. ttrader.com\'s%20charts&id=879&d=2 To digress a bit from TA: GM is at 13-year low. The low point in 1987 was at around 20 and 1992 was at 22. At this level the dividend becomes almost 9-10%. ttrader.com\'s%20charts&id=879&d=2 Bargain hunters will be looking hard for stuff like this. It becomes a mattress stuffer. finance.yahoo.com Of course, if bought, I will keep some kind of stop.

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