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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (121448)7/3/2005 8:47:59 PM
From: ajtj99  Read Replies (1) of 209892
 
Here's a nice chart showing the the triangle I'm referring to. The lower line is formed by the 1982 low through the 2002 lows. The upper line is formed by the main falling resistance off the all-time highs:

stockcharts.com[r,a]maclyyay[d19800529,20051229][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][J6580916,Y]&pref=G

The 1060 level on the SPX doesn't really come into play until fall 2006.

Of course, if my name was Abby Joseph Cohen da-cheif, I'd say it's a bull flag targeting 2250 SPX!
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