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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (8216)10/21/2002 9:52:29 AM
From: Jorj X Mckie  Respond to of 57110
 
well, I'm not sure what it is a chart of. It says it is the SPX, but it isn't what I see when I call up the chart.

It says that it is at strong trendline resistance with the bearish resistance line. That is the descending red line in the chart. And it also shows that the move is running out of steam as signified by the most recent column of Xs which is shorter than the last. But again, I am not sure what exactly is being charted there.



To: stomper who wrote (8216)10/21/2002 10:17:01 AM
From: Jorj X Mckie  Respond to of 57110
 
stomper, I'm an idjit. That is the 5pt SPX chart and I thought I was looking at the 10pt chart. Wake me up when we get to Oz, eh toto?

The analysis still stands. Bearish resistance line. Momentum slowing. If we hit 850, we get a new sell signal.


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