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Strategies & Market Trends : Classic TA Workplace

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To: John Vosilla who wrote (145696)	6/17/2007 9:43:54 PM
From: Henry J Costanzo	Read Replies (3) of 209892

John...That DOW30 "exercise" I mentioned... With the DOW up 1,941.72 points....16.52% above its 2000 all-time high....only 9 component stocks are at ATHs...21 stocks are still trading below their previous highs... If those latter 21 stocks were to match...not exceed...their previous highs, their advances would aggregate 468 points, which translate into 3,749 points added to the DOW...taking it...all other things being equal...to 17,388... OK...knock off half of that, and you get to 15,514.. ...knock off 3/4 and that would take you to 14,517.. assuming that stocks already at new highs would not, in the aggregate, move any higher...or lower..

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