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Strategies & Market Trends : Classic TA Workplace

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To: ajtj99 who wrote (119559)	5/27/2005 9:23:11 AM
From: Shack	Read Replies (2) of 209892

Yes I think it would be natural for the index to stall at the obvious 2100 resistance, my point really is that there is absolutely no way you can predict the level of retracement thereafter. I guess you are predicting a retracement to 2008? Who the hell knows. Why does every single advance have to turn into an inverse H&S (inverse cup and handle)? Just an educated guess based on some tech sector charts, but I think it may only just pause at that level and not retrace much at all. Again this is Kreskin-talk from both of us, no value.

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