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

To: SE who wrote (9852)12/9/1998 9:03:00 AM
From: Brian Hornby  Respond to of 44573
 
An analyst I follow said the floor has a lot of buy stops above 1200 and sell stops below 1141, which should accelerate the move in either direction if the levels are broken. Seems reasonable to me. If 1200 is broken that will be a very bullish technical formation with the double top breakout and I would expect pent up cash to roll in to the market.



To: SE who wrote (9852)12/9/1998 9:27:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
Gersh just pointed out the Greenback to me.

It's trading just above support at 94.49....support being 94

The Oct 8 low was 90.74; it does look like a dangerous omen, although I think it's a few days in the future before it's likely to crack, if that's what is going to happen.


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