Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: Clint E. who wrote (18753)	12/9/1998 11:44:00 AM
From: mattie	Read Replies (1) of 69207

At a critical support level on SPX cash - 1185. If we break through to the upside, we could see a rally. If it fails and falls below 1182 the base that has been built over the past day will be broken and I would expect a correction. Another interesting stat. Advisor sentiment was just reported, its now 57.4%. Anything above 57% is in the danger zone, overbought territory. Of course I would like to see this market fail. I have 50% cash to invest!

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