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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (45624)	8/8/2001 11:52:29 PM
From: ajtj99	Read Replies (4) \| Respond to of 56532

Max, if it wasn't for options expiration next week, I'd agree with you on that point. However, options expiration and the .382 Fib at 1890 lead me to believe that level is significant. Logic tells me 1850 is more significant, but we've not been able to get that low yet. Looking at the SRL on the charts I see that there should still be room on the downside if I'm drawing the SRL line correctly, connecting the May and June lows. You know about these lines better than I do, so maybe you could help me there.