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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Instock who wrote (8356)11/25/1997 7:50:00 AM
From: Dave H  Respond to of 79378
 
If the DOW breaks 7550 - 7600 today that might indicate a yellow flag (at least)

....7600 seems like the next big area of key support, and breaking it would imply the recent mini-rally is losing/has lost its steam.

On the other hand, ~7700 *could* offer some support, but really only from this recent rally, so it doesn't have a lot behind it. It would be a good test of this rally though to see if it can hold... (that would be a very good sign IMO)

-dave