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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (376033)	10/9/2008 9:51:09 PM
From: Thomas M.	Read Replies (1) \| Respond to of 436258

I'm no TA expert, but I do not see how anyone could view 8900-9000 as major support during such a crisis. I can barely even figure out how that level is important by looking at a chart. Look at about a 12-year chart. 7500-8000ish was a big ceiling in late 1997. It took a long time to push through, maybe half a year. Then that same level was big support in 1998, then again support in 2002-2003. That's what a real support level looks like. Life a knife through butter... That's what I'm thinking is going to happen again, though only briefly, to scare people out of their minds. Tom