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Pete:
A very interesting chart picture. I took your clue
and drew an ellipse over daily action near to your
slant. Perhaps 2 points of resistance, green line or 1/2 of
ellipse size and also of course the ellipse periphery.
Have enclosed it.
Jeff
Pete Lieber wrote:
The
S&P rallied to a Friday intermediate high and failed.
The S&P has pretty religiously adhered to 22.5 degree downtrend
lines (see attached chart)
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