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That congestion pattern sure looks like a bullish flag to me and the a/d
issues on both NYSE and NASDAQ appear to confirm that view. Looks like we
should get to 1102 and would not be surprised now if we get a relatively
fast run to around 1138. Then we should get a decline and some idea of how
far south this baby will go.
Earl
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, October 19, 1998 10:38 PM
Subject: Gen: Dow something in the air.
>Group,
>
>Looked over my Spoo and Doo charts tonight, a mini congestion pattern and
>several indicators combined with the new moon indicate to me that a big
>happening may be at hand. Direction isn't clear but the lack of follow
>through from last Thursday makes me think more bearishly. Good Trading.
>
>Brent
>
>Note: This is not a recommendation to buy or sell anything. Trade at your
>own risk.
>
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