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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (147006)7/31/2007 10:50:23 PM
From: skinowski  Read Replies (1) of 209892
 
Man, I think we all are still suffering from battle fatigue from trying to divine the advance since 2002. All I know is that looking at the long term monthly chart I have a far easier time finding the advance to be impulsive on SPX and INDU, and - corrective on OTC's.

On SPX I am willing to settle for a Double Top - g/ng.

In fact, SPX advance was very nicely channeling -- it was sitting just above the upper line of its 2002 regression channel as recently as on the 19th of this month.
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