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I am inclined to agree with you .. the decline was not nearly as bad as intoned
by the pundits of CNBC. Obviously, there is selling into rallies, however I
haven't seen anything yet which says it's all over (of course I haven't
collected and reviewed my EOD data yet either). As of close I'm showing that the
decline could end within the first 1-2 hours of trading. The "BIG dump" will be
here when 1084 and then 1055 is taken out and my longer term work says both
should be gone by the end of September.
Earl
-----Original Message-----
From: Peter G <ktata@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, August 25, 1998 3:50 PM
Subject: S&P
>We broke 1090 (barely!) and I'm expecting some more rallying after a short
>term basing period. We could see a "triple wave" climax with this next
>rally (like the Street Smarts 3 Little Indians.) I'm looking at a 5 min
>chart. Then... let's hope for a nice BIG dump!
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