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To: Patrick Slevin who wrote (8102)11/9/1998 11:13:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
I have the colors backwards from you. I will change mine so that if we do discuss it, we don't get confused. The red leveling off is exactly what I was speaking of. Not of big concern yet...but it will be shortly if it continues....

EDIT - It was the daily chart I was speaking of. The 1, 5, and 10 minute all appear to signal lower. The 15 minute appears to indicate that this might be a support level. Let's see what happens. Looks like downside room to the 25 level SPX.



To: Patrick Slevin who wrote (8102)11/9/1998 11:26:00 AM
From: SE  Read Replies (2) | Respond to of 44573
 
Interestingly enough, there is also a nice channel formation on the SPOO with 1131 or so as the bottom and 1155-1160 as the top right now. This is on the 15 minute chart.

I think I might look to get long in the low 30's for a more of a positional type trade myself.



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