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

To: Henry J Costanzo who wrote (138700)	11/21/2006 3:45:08 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

SPX is about one point from where it traded on 11/15. Very tight range. Looks like DELL is "positioning" its release in a way that may influence the markets... it may just be the trigger to break things this way or the other in the short term. EW-wise, there is now also the possibility that the range of the past few days was a W4 triangle. May be... or maybe not. The trendline which connects the recent minor lows of the last few weeks projects to about 1395 - a break would be the 1st little red flag.