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Re: [RT] SP 3-24-04 Bullish Divergence?



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I have a downside projection of 520 with support at 530.  There is 
still upside pressure on price.  If 555 is taken out that would void the 
down move for now.  If price is going to fail it should do so in the next 
two days.  Ira
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  Sent: Sunday, March 28, 2004 9:26 
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  Subject: Re: [RT] SP 3-24-04 Bullish 
  Divergence?
  
   
  <BLOCKQUOTE 
  >
    Hello
     
    the max down potential is 15 oex points for now,
    we are closer to the bottom 
     
    the attach is the oex weekly bars on the  long term trading,(a 
    tool to determine when to close a short position in  a 2-4 month  
    time frame)
    as you can see  in the last whole year we have NEVER  wisited 
    under the center  m/a, since the bands are widenning,  volatility 
    is increasing, and stops must be 
    away from price  if you are still short,
     
    I susspect  they will fool us monday and break the fri low before 
    closing up,
    this up move is still susspect as  we broke major trend 
    lines,
    Ben







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