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Certainly this morning's rally and improving NYSE issues/volume along with
the market's ability to hold wedge support at this morning's pivot low is a
positive and provided a nice opportunity for a good day trade. Also we've
got a well established bullish trading channel. Still, we remain mired in a
bear trend channel and a symmetrical wedge does not give great confidence in
direction. Thus, I would suggest that odds favor long day trades but
position trades remain quite risky.
Earl
-----Original Message-----
From: Proffittak@xxxxxxx <Proffittak@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, September 21, 1998 9:37 AM
Subject: sp500
>good morning
>
>
>i feel we alseady made the bottom for this week
>
>if we re visit it would NOT penatrate todays low
>
>projection for hi 1080-1090sp dec in 5-10 bussness days
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