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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (125522)	10/28/2005 5:55:13 PM
From: Shack	Read Replies (3) of 209892

The OEX has an inverse H&S look about it, but nothing else does. As per usual the indices' charts are garbled. I can't help but think the MMM chart is the best clue for a major rally evolving, as I wait in vain for a pullback. I did get screwed on this KLAC gap down, although it got bought pretty quickly. May be salvageable. My EMC, BAC and SCH continue to look very strong. I also noticed that the commercials aren't even short the large SPX contract any longer. When have we ever seen a major decline under that scenario? None that I remember.

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