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Strategies & Market Trends : Shorting SPY for fun and profit. -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (178)	9/23/1999 4:32:00 PM
From: ed doell	Read Replies (1) \| Respond to of 346

Peter, I think the INDU is much more fragile than the SPX. The SPX has been range-bound for some time now and is currently at approximately a 10% correction from its high. That range-bound duration gives it some strength in my opinion. The SPX also has good support another 5% down. The INDU just looks more fragile... like it would be more comfortable at 9500. But then imagine a scenario which has it range-bound outward from 9500 to 10,000 forming a massive head and shoulders formation... hummm, let's imagine other things! Nice "talking" with you, Ed