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To: The Freep who wrote (77759)7/22/2003 12:48:56 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
A couple of things...

In order for the Dow to rise to 9600, all we would need are the ugly ones to bounce and the leaders to squeeze.

Second, there is no March uptrend line on the Dow. If you draw an uptrend line and have to keep moving it right with each new little low or, more likely, because time is moving price to the right, then it ain't an uptrend line.



To: The Freep who wrote (77759)7/22/2003 1:37:02 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Re Dow...... agree contracting triangle since June, on declining volume...........looks to be bullish continuation pattern, with breakout level something above 9200.....maybe 9225..... Has a roughly 400 point measure, up to 9600 area..........

.How to get there?.......If MMM has just a 5% move from here........IMHO, not out of the question..... that alone would give the DOW 50 points of the 400.... The other 29 stocks going up 1.75 apiece...on average......(generally less than 5% for most of them) ..... could give the extra 350.....