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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: plow guy who wrote (6089)3/24/2008 12:17:35 PM
From: skinowski  Respond to of 41428
 
I see what you mean. No, I do not.

INDU is still positioned in such a way that the rally since 3/10 may be corrective, like in abc-x-abc. However, until it overlaps with 12400 i wouldn't even think about it. A real bearish development would be if the index goes under 1297 - the March 19 low. I think the odds for that to happen are not high.

It makes sense to buy pullbacks unless proven otherwise. As I said, I'd start watching my step under 12400.


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