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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (3979)	9/14/1998 9:11:00 AM
From: donald sew	Read Replies (1) \| Respond to of 44573

Patrick, The first resistance for the DOW is at the 7865-7896 range. It is possible that such resistance area could be broken. The next resistance is in the 7950-8030 area. If the DOW does get to the 7950-8030 before lunchtime, I may add another PUT position(PUT SPREAD). If it does not get that high I will hold off. Im smelling a set-up for a decline, but could be wrong. If the DOW does not break the 7865-7896 resistance then that would indicate that the short/mid-term downtrend has not yet been violated. Seeya