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Strategies & Market Trends : today's chart -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (857)	1/10/1998 4:49:00 PM
From: Gale A. Thompson	Read Replies (2) \| Respond to of 1267

Hi Chris, "here is the rest of the 1990 view (scary one) geocities.com; Thanks for the chart. I could make a pretty strong case that would support your chart. If you look at the major indexes on a weekly chart, almost all of them are showing bearish engulfing patterns... I think we are going to go down a bit... However, I would prefer to see a bounce between 7200 and 6800... But I would like to see us get down there. Gann has: the 3/8 retracement at 7580.625 (we're there) the 4/8 retracement at 7327.50 the 5/8 retracement at 7074.375 If we close below that... it's going to be a "short" summer... -- Gt --