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Just in case you've missed it, the 1/3 speed-resistance line drawn from
the Nov. 1994 low to the July 1998 high "stopped" the Dow's fall on Sep
1 almost precisely. Since then, the Dow has hugged the 1/3 SRL on the
upside. If it goes through though, SRL theory tells us to look for the
next major support at the 2/3 line, which currently is just under 5700
and rising.
Personally, I don't weight this technique very highly, but if 7400 is
broken to the downside, we might see a big drop.
Trade well!
Fred Bender
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