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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (3284)7/10/2002 12:36:57 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
I agree. There's a falling wedge on the COMP that appears to be targeting the 1350-1360 area. As long as that doesn't turn into a down-channel, we may bounce before the 2:30 turn, possibly on program buying in the futures.

The danger with the SPX is that it breaches that neckline and plunges in earnest.



To: Jeff who wrote (3284)7/10/2002 12:42:44 PM
From: James C. Mc Gowan  Read Replies (1) | Respond to of 30712
 
Jeff, a dude name Straszheim is on CNBS right now with a retrace chart, talking about similar time frames for completion of retrace for '30's Dow and our Nasdaq.
Looks like somebody is reading the thread.gggg
Thanks for your analysis.
James


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