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To: DD™ who wrote (901)8/31/1998 1:11:00 PM
From: Paul Shread  Respond to of 1999
 
For some reason I had a hard time getting more than a two-year chart on the RUT, but 348 looks (-ed?) rock solid to me. I'm not prepared to say we've broken support until we close significantly below that point; until then, we could just be undercutting it, which can be very bullish because it shakes out weak positions. Your thoughts?

-- A bullish Ahab lashed to a bearish Moby Dick



To: DD™ who wrote (901)8/31/1998 1:42:00 PM
From: Paul Shread  Read Replies (1) | Respond to of 1999
 
While we may be 3 points below support on the RUT, if you look at the chart on an intraday pattern (I'm using Quote.com's FastQuote at 10-minute intervals), we definitely have a rounding going on after a steep, steep decline. Whether it holds remains to be seen; 1025 certainly didn't hold on the S&P. I'd like to know what you think is next support on the RUT.


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