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I agree that tomorrow will be key.... The problem is with the last several
days rally actually in my work has given sell signals......... so I don't
view it as bullish..
that is on top of LIndsay work and other things I follow.. so we'll see...
As posted earlier I think 8:31AM once GDP Q2 is out we'll have a clue if
tomorrow is going to be a big up day or a big down day.......
----- Original Message -----
From: "Ralph Volpe" <rjv@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 27, 2001 7:31 PM
Subject: [RT] INDU
> I posted a Dow chart recently and pointed out that this week was
> critical for the purpose of determining the direction of the next larger
> move. I said that price had penetrated below major support and that it
> had to roll back up this week to reenter the pattern it broke out of or
> the market will dramatically move lower. Well, as seen by the attached
> chart, price has rolled back somewhat, but it still has to reenter the
> pattern by tomorrow. In essence, the Dow needs to rise by better than
> 170 points by the close tomorrow for the September monthly bar not to
> show a major break below support. I feel that there will be a
> substantial run higher tomorrow, but that remains to be seen.
>
> --
> Ralph => E-mail => rjv@xxxxxxxxxx
>
>
>
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>
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