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Politics : Idea Of The Day
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To: J.T. who wrote (26450)5/27/1999 9:26:00 AM
From: J.T.  Read Replies (2) of 50167
 
I am going to concentrate on DOW since it alone was early index indicator that pulled up the pants of rest of market indexes. We closed yesterday above important 10,640 level to 10,702. Immediate overhead resistance is 10,750. This is the first hurdle "two closes above" as Ike teaches us before I will believe "bull" is again back on course. On supports, 10,640 is first minor test, but major line in sand at 10,520. If we crack below 10,520, this is going to be another piece in the puzzle about continued trend and sentiment change in market. Strong support at lower band 10,330 for now. J.T.
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