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So far, it has paid handsomely to hold on while gritting one's teeth on the
up days, especially in the ND 100. I suspect a break of support here is going to
get rather nasty ... 1075-1027 in the SP and 1300-1316 in the ND. So far they
are holding a few ticks above recent lows and if they can hold those ticks, they
can rally it, but if they break, targets should be hit quickly.
Earl
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
mr.ira
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, May 12, 2004 8:42
AM
Subject: Re: [RT] Market condition
So far this scenario is holding up. 1075 could
act as temporary support at this time with the target of this move down
at around 1050. Other support level is about 1060. If 1058 is hit
then there is a high probability of price going to 960. The bear
projection is still in force and 1188 is still the upside target.
All of these forces acting, one inside the
other. Here comes the magic trick again.
Good trading. Ira.
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