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It appears that the low of 5/28 and the close on 5/29 for the cash
S&P500 were at an L3 support line from 11/5/97. However, this support
line appears to now be a resistance line as of the close on 6/1. To
negate this conclusion, the close today would have to be over 1093.
A chart illustrating this comment is posted at my personal website.
Ned Markson
cnedgo@xxxxxxxxx
http://www.erols.com/cnedgo
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