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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (125726)11/2/2005 10:59:42 PM
From: skinowski  Read Replies (1) of 209892
 
Agree. In case of XLU, today's low of 30.50 should not be broken. If 10/28 low of 30.27 gets taken out, the thing will begin to look more like a short. Anything can happen, but the odds would be pretty poor for longs.
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