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To: Galirayo who wrote (124336)9/21/2005 1:48:16 PM
From: Moominoid  Read Replies (2) | Respond to of 209892
 
As a bearish person (for the moment) I was thinking that was good news, as I had been worrying that maybe a big triangle was forming here and now it can't be unless this is a throwover (as this would be wave E - A is the May bottom). None of the other technical indicators were bullish IMO which is why I was short.

A triangle is still possible in SPX though. Dow is about around its uptrend line here (which I see as a great big bear flag or B wave or something).