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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (125133)	10/18/2005 11:19:45 AM
From: Henry J Costanzo	Respond to of 209892

<<MMM and IBM could drive the DOW>> We've been talking about them in your absence, Shack, and they're certainly moving today in the most positive of the scenarios we've considered. Nice gaps up in both... IBM continuing surge over DT line from the beginning of year high, and, as well, over the 200d MA.....Next R of any moment at Jan/Feb congestion lows 90/92.. MMM also over major DT line, from Mar high, and nicely over the 50d. Two logical overhead targets close by.....200dMA at 78 and a conveniently unfilled gap at 80.5..... PS....Some 8 points up IBM plus 6 points MMM add up to about 112 points DOW INDU....