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To: The Osprey who wrote (9886)9/30/1999 1:44:00 PM
From: SwampDogg  Respond to of 36688
 
Yes, if it closes below $294 today...that is the monthly resistance (ceiling)...
The weekly is around $298...if it closes above $294 today and $298 tomorrow than I see that as a double confirmation
It could close below $294 today and above $298 tomorrow it could still rally but the T/A would not be as bullish

edit...right now I can not see it closing below $294 today...so I am bullish for the next few months at least