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Looks to me like the DJ Utility Index broke to the upside today from an
ascending triangle. As I see it the Index will challenge its 1993 high and
then move to the 280-290 area.
With the Utility Index strong, I would not be comfortable being in a general
bearish mood. However, at these levels I am not comfortable being a strong
bull either, but I lean that way.
Any agreement or disagreement?
Jerry
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