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Strategies & Market Trends : FOLLOW THE GENERALS
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To: Jim Battaglia who wrote (44)5/28/2006 9:41:56 PM
From: Jim Battaglia   of 104
 
HardRigtedge:

The chart for the banking sector (^BKX) may be in the process of creating a bearish flag formation as price is consolidating at the levels that precededed the late April breakout. We will be watching this index closely in coming sessions to try to gauge how much conviction there is behind the relief rally.

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