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Attached is a 101 year monthly chart of INDU with the major
trend channels and Fibonacci time lines from 1932.
Also attached is a 2 + year chart of INDU with additional line
studies.
Of interest, is the fact that the bull market trend channel
which commenced in 1982 has yet to be violated.
That trend channel intersects with the support trend line for
the current bear market on or about November 26, 2001 at or about 8720 in the
vicinity of a 38.2% retracement of the move from November, 1994 to January,
2000.
FWIW.
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