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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo	11/3/2005 12:08:18 PM
	of 209892

Some important TA developments in the broad market indexes today: COMPX/NDX....outperforming.......have decisively...and with gaps......broken their DT lines from the Aug 3 highs......50d/200d MAs turning positive, and left far behind...... SPX has broken DT line from the Sep 9 high....and also escaping any negative pull from MAs, which also moving positively..... DOW/INDU acting similarly, except that MAs still needing repair jobs...Break of potential upper triangle line.....pointing to new ATH.....still pending...... BTW Trannies again at ATH...........awaiting INDU for DOW Theory buy signal...??

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