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The appearance of the market is such that one could REASONABLY
say that a TurningPoint happened on 3/24/00 -- note that this is not
a TP determined by the 21day logic in current picture but rather one
that is forced.
Current market prices are still within the old channel but also fit
within
the new DOWNWARD channel developed from the "forced" pivot.
If the TP that is shown is correct then we may have a down market
until about the middle of April.
Frankly I would not be bullish until there is a breakout of this down
trending channel. As of now that would be around 830-840.
Clyde
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
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