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All the indicies have done is rallied back on lite vol to the level of the
closes of Sept 17th.... In my work that is a sell signal... We have done
approx 50% retracement... I'f I was long I'd be a nervous long
----- Original Message -----
From: "Steve Walker" <steve@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 28, 2001 9:53 PM
Subject: [RT] SPX long term chart
> FWIW:
>
> I have some long side "trades" that unfortunately have become
"investments". Hopefully, I am a group of one in this regard! My short
term chart below indicates the SPX is over extended and suseptible to a
pullback. However, the longer term chart shows where the likely upside b
wave retracement levels are assuming that the P5 turn has been made.
>
> Steve
>
>
>
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