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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ronald J. Clark who wrote (13209)	1/28/1999 1:42:00 PM
From: Jorj X Mckie	Respond to of 34809

Ronald, Impossible to say. The DJIA is made up of 30 stocks the NYSE is thousands of stocks. I would look to the support levels of the DJIA and the S&P as guidelines though. For the DJIA support levels are 9100 (a triple bottom) and 8700 (a double bottom). For the S&P has support at 1220. Hey, anybody else out there see the triangle forming on the S&P? If it is to continue to form, it would be at the top now and the pullback would be to 1230 (a higher low). JXM