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S&P futures are also trading in the congestion band just previous to the WTC
attack.
My opinion is this is going to be the zone of resistance, pushing through
it would be a
victory for the bull, since that Monday, 9/10 was to have been a rocket ride
out of that congestion.
Considering all the money thrown at this market, a sideways trading in this
area implies strength.
The average price in that congestion zone is:
NQ 1363.
ES 1095
FWIW
Don Thompson
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, October 11, 2001 9:54 AM
Subject: [RT] Mkt - Exchange Composite $C/$P
> Thursday's Exchange Composite $C/($C+$P) hit the 0.75 level in the first
> half hour. Some c/p fans might consider that a bit too optimistic and
> representative of pending price reversal.
>
> bobr
>
>
>
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