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My March S&{ 9 and 45 min charts turned extremely negative yesterday,
failing to achieve even minimal fib retracements of the decline. This thing
is looking extremely bearish, never-the-less we must wait for a definitive
break of support at 1210 and 1147 before declaring this rally from the
October lows to be finished. As I write this about 50 minutes after the
open, I am watching the 9 minute struggle to get close to a .38 retracement
of the uninterrupted decline from 1281 to 1241 to setup another short.
Earl
-----Original Message-----
From: BobRABCDEF@xxxxxxx <BobRABCDEF@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, February 25, 1999 7:42 AM
Subject: Re: MKT S&P Breakout/Breakdown
>SPX market in AIQ Pro came up with a -99, lowest rating possible. History
of
>these ratings has been advantageous to the contrarians.
>
>BobR
>
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