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Attached is the updated SP01H chart through 3-09-01 which did give a buy on
3-08-01 on the 6/4 ma channels, but in all honesty it failed badly 3-09-01.
A sign of things to come or a Intel news event? MOB still holding (so far)?
don ewers
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 07, 2001 7:53 AM
Subject: [RT] SP MOB
> Not only is the MOB (Make or Break support) holding on the NASDAQ as
> previously posted, so is the MOB on the daily SP01H. A regression channel
> buy could be triggered today (closed outside the channels yesterday)
> possibly if yesterdays high is taken out and a 6/4 ma channel setup bar
> could also materialize today if we close above 1263.63 as shown on the
> attached gif.
>
> So an important next few days perhaps. Personally I would prefer no signal
> and a test of the lows again on the NASDAQ, breaking them (and head to the
> MOB it has stopped short of), and for the S&P for it to simply test its
lows
> (build the right shoulder discussed below). Ahh .... but perfect setups
> rarely happen when everyone is looking for them?
>
> On the 60min chart (not attached) can the inverse H &S experts comment on
> the potential for this pattern (needs to develop a right shoulder yet,
> filling the gap perhaps). Is the gap in the "potential right shoulder a
> problem at all with the pattern (should it unfold).
> don ewers
>
>
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Attachment:
Description: "SP01Hda030901.gif"
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