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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?

To: dfs405 who wrote (7064)	6/6/2005 4:38:17 PM
From: cthruu	Respond to of 7682

yes. i agree on year-to-date action. However I saw SP as making a right shoulder back in April, I referred to it in my reply to Kona and again last month when it tagged and held prior resistance at 1160. Message 21314701 Now, the markets have their own mind. It may retrace or crash. Comp is at resistance (2100). Therefore one should trade light here. For short/intermediate term, I do believe that this is backing and filling going on. Techs are now leading the markets. That is just my two cents :)