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To: The Freep who wrote (162556)2/22/2008 12:20:26 PM
From: Henry J Costanzo  Respond to of 209892
 
On the SPX...uptrend line from the low broken some time ago...What I am watching is possible formation of a pennant from the Feb 1 high...Upper and lower lines of that still undefined and shifting...Earlier presumed upper line was broken above...and today presumed lower line also broken...But age of possible pennant still within bounds, and pennant formation still viable IMHO..