Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

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Dec 31 4:00 PM EST

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To: Thomas C (Hijacked) who wrote (16179)	5/27/1998 8:29:00 PM
From: Gary Martin	Read Replies (2) of 69343

Thomas, Wow! A 5000 target on the Dow seems pretty ambitious! I prefer to watch the near term support at Dow 8700 and/or the S&P500 at 1068. In any case, I don't know how to use divergences to set price targets (I try to use pattern "measuring objectives" as calculated by a technician such as Ken Shaleen). Even if fundamentals warrant, markets seldom go directly to such drastically new levels. As such, technical chart patterns, coupled with momentum and divergence indicators, are what I have to watch. Please keep in touch with your observations. I will comment on any technical signals I see as well. Gary

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