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I did not trade it but honestly thought the recovery from the night lows
back to the high was going to be a breakout. Instead chop, chop chop into
the employment maybe. What is the saying, "don't try to make sense of
sideways markets", concentrate on the breakout, up or down once it occurs.
----- Original Message -----
From: "EAdamy" <eadamy@xxxxxxxxxxxx>
To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, March 29, 2005 12:31 PM
Subject: [RT] SPX
5 failed attempts to break above resistance at 1182 and now on 5th attempt
to break below support at 1174. All that was accomplished during the past 4
days was to relieve the oversold condition in the oscillators.
Can they try a 6th time? Could be, however Curtis Arnold describes the
rectangle as a reliable continuation pattern. 3 price targets lie below:
1164, 1146, and 1130.
Earl
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