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To: Henry J Costanzo who wrote (138036)10/27/2006 3:40:54 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
SPX at today's low tested the trendline which repelled all short term declines in the course of the last month. Another 2-3 points down - and, if the index can't recapture the support line - we may be looking at something potentially meaningful. But for the moment... the decline is a three-waver.