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Strategies & Market Trends : Chart Formations
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To: belker who wrote (136)1/14/1999 11:34:00 PM
From: sean sanders  Read Replies (1) of 967
 
Bob,

I havn't T.A.ed the dow that much, but I was talking to a friend of mine on the phone and was busy drawing trendlines all over my dow chart, so maybe that helped. But right now I see that we are at a medium support line and right above the 50 day emov. If that doesn't stop it it may go down to the next line of support which is about ~I think 450 points below this one. I like to do fib retrace levels too if it drops lower then it is at then the next retrace level seems to be at ~8750.

Well sometimes it's good to be an alarmist since it may save you a few points.

Sean
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