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I haven't looked at the chart of the Industrials for a while. From the
way it is currently acting the scenarios are quite different. If you
are dealing with a short time frame on the daily this up move can carry
to 11,000 +/- with very little effort. The Santa Claus Rally? If you
look at a longer term cycle you are looking at a price objective of
10,100 +/-. Each of these price levels can be reached without voiding
the move in the opposite direction. Could this be foretelling a trading
range market for a while? It is a tradable market, and 900 points
leaves a lot of room for profit. The Nasdaq story is still ugly. Have
a good week. Ira
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