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Doing some preliminary work since my return I find some things that are
disturbing. I am referring to the Dec futures for the S&P, ND and DJ,
not the indexes. I find that the S&P has reached a longer term target
and should get a retracement of reasonable size. The DJ future has
reached an intermediate target, should get a bounce, but it still has a
longer term target of about 9600. The most disturbing is that there is
still a major move down indicated for the ND future. I still have
projected lows of 2735 and 2240. If this proves to be true, then there
are a lot of four letter stocks that have a way to go before they
bottom. There is more work to do, so back to the mines. Ira.
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