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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Jurgen who wrote (18175)	10/28/1998 9:32:00 AM
From: Clint E.	Read Replies (1) of 68433

Morning, Jurgen. Dosed off on the couch last night while watching TV. Looked at yesterday's news. The rumor of a Brazilian devaluation accounted for a drop of ~80 points in the DOW but before that rumor had surfaced the DOW was already down ~100 points from its morning high. Same with the NAZ. The BKX was and is the weakest link at this point. Again, 8300 is special to me. If we break 8300, I see the market range-bound between 8000 +/-50 to 87000 +/-50 for the rest of this year. Clint

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