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

To: Tom Trader who wrote (4405)	9/22/1998 10:14:00 PM
From: SE	Respond to of 44573

Tom, Was looking at the Dec Spoo chart tonight and the flag is stil present. The bounce off the 1000 level yesterday is the bottom channel. The top appears at around 1060. Don't know if we will get there or not, but 1060 appears to be a good selling place for the spoo. Otherwise appears to me to be somewhat range bound 1020-1040 maybe 1050 for the next couple of days. I reserve judgement on Monday as that is a day I suspect we shall be down and that would fit right in with the analysis that flag formations usually last three to four weeks and no longer. This one started Aug 31/Sept 1. Thoughts anyone? -Scott