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I had noticed flag (and gap support) on the SP hourly yesterday evening
but my time projections suggest that a correction of the strong rally
should require the same amount of time as the rally itself which would
take it to early Thursday. My biggest trading problem is entering before
corrections are complete so I'm trying to use some patience. The flag
looks very good on the hourly, holding nicely above the 25% retracement
at 1460 (1373.50 - 1489) and OBV is rising strongly.
Earl
----- Original Message -----
From: "Dennis Holverstott" <dennis@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, June 06, 2000 8:32 AM
Subject: [RT] S&P chart
> I'm surprised that none of the chartists have commented on the S&P.
> Things that stand out to me on the 30-min are the classic head and
> shoulders, a gap that needs to be filled, and a bull flag. Earl?
>
> --
> Dennis
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