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As posted much earlier, I have a target for the INDU of 10,267 +/-. This should
act as resistance, and as the Eliot Wavers would say an ABC retracement. This
is expiration week and some funny things always happen. So we shall wait and
see. Have a good day. Ira.
BobR wrote:
> Did you ever want to strangle a mocking bird? Haven't been getting much
> sleep the last few weeks because of one that starts beaking off at midnight
> and goes on and on in an antisleep campaign. Speaking of imitating, here is
> a shot of Ben's oscillator(red) and cumulative oscillator(magenta). Thought
> it might be of interest at this time since the cumulative oscillator appears
> to be running into some resistance at the top of the down sloping channel
> line that began back in 1998. Question is, will it break away and move up
> from here. The volume weighted average price of the INDU is running into
> resistance at the 10122 VWAP line, formerly support now resistance. If the
> mkt were going to turn down or breakout, this is a technically logical place
> for it to happen. Perhaps Ben would like to add his expert insite into
> this.
>
> bobr
>
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> VWAP.gif Type: GIF Image (image/gif)
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