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To: mishedlo who wrote (85869)11/15/2003 3:50:36 PM
From: the-phoenix  Respond to of 209892
 
Not really. I think you are better off trading it as a wedge and basing the downside targets on whatever a wedge tells you they should be. I kind of like that 990 area as a good target for this pattern, but I have other patterns on the SPX that are targeting more like 900 (.618 retrace of the whole rally from March).