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To: Moominoid who wrote (134708)	7/24/2006 8:45:44 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

I'll come back and take a look at that, David.......IF and WHEN SPX breaks either of the UT lines from Apr and Oct '05 ...vbg

To: Moominoid who wrote (134708)	7/24/2006 10:29:23 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

If SPX takes out the 7/3 top, that would kill at least one of the scenarios which we were bouncing around here recently - the one of a (putative) symmetric triangle starting from the orthodox low on 5/24. If today's rally was a "c", it is interesting that so far it topped at a level where it is equal 62% of the sharp rally of last week. C=A near 1277... a few points short of the July top. I have the upper line of that putative triangle near 1273. Don't get me wrong, I am not married to the idea (g), but if the index rallies up to resistance and then retraces back into the 1250's... I'll pay attention.