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To: The Freep who wrote (115561)3/28/2005 4:32:38 PM
From: Shack  Respond to of 209892
 
You know there is support for a bounce based on some upcoming S/R levels and some key MA support, but I am looking at a lot of charts that appear to be just getting going to the downside.

Keep an eye on MVL, little doji star today at the top of a wedge off the Jan lows. Ready for a C down?



To: The Freep who wrote (115561)3/28/2005 8:26:31 PM
From: Henry J Costanzo  Respond to of 209892
 
IBM.....Had to run..and just seeing that....Posted some charts to Ray over the weekend re status of UT lines on the weekly and monthly, but not satisfied with their complete accuracy.......so blew up IBM charts to my full 23" screen size and then took bites for close-ups.

IMHO they confirm that weekly UT line out of 2002 low BROKEN.......So is monthly UT line from 2002.......but UT through 1993 and 2003 NOT yet broken.....

Weekly w/2002/2004 uptrend:

home.twcny.rr.com

Monthly w/2002/2004 uptrend:

home.twcny.rr.com