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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: absol who wrote (5414)	8/16/2002 2:33:28 PM
From: Ramus	Respond to of 11288

Interesting day. A continuation of the trading range established yesterday. Will we go above 935 or fall below 915 or just stay between the lines(rhetorical question)? Since 7/24 there is a definite line along the lows...the most recent and third touch was day before yesterday. Also, this line along the lows is part of an ascending triangle whose upper line was penetrated day before yesterday and those gains have held up until now. This is all bullish. I mentioned before that the consolidation(still going on) target is about 970 pts. So, as I said, interesting day and watching to see which way this thing breaks out, when it does. According to Downs, the longer this consolidation plays, the stronger will be the move, in either direction, when it does break out. Walt