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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Andrew who wrote (2900)11/4/2003 12:22:57 PM
From: Andrew  Respond to of 108928
 
Looks to me like SP500 has hit massive overhead risistance at trendline at 1060 yesterday. lower trendline on the rising wedge in now at about 1025. This got to break out one way or the other sooner than later lines are converging.

They are still talking about 1050 but that was last week.

SUB 1025 look out below.

Rising wedges almost always fail to the downside, I mean unless SP 500 can go parabolic which I suppose in this Casino market can happen.

Still short MSFT from 26.99 and IBM 88.89



To: Andrew who wrote (2900)11/4/2003 1:41:59 PM
From: isopatch  Read Replies (1) | Respond to of 108928
 
OT/Andrew. Read my post. It was an accurate ST comment and

the charts posted were 1 wk charts. I'm well aware of the longer term trends and look at them frequently.

Please don't respond to posts by disputing something that was not said in the post. It's annoying, rude and not the kind of dialog we want to have on this thread.

If you want to demonstrate your expertise. Please do. But not by gaming me or other posters here. If you have any questions or comments please PM me. I want the thread to focus upon on topic discussions.

TIA.

Isopatch