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hip:
Your charts tell it all.
Lionel
At 09:25 AM 12/13/97 -0800, Chip Anderson wrote:
>There are support levels at 7800 and 7600 that need to be broken
>before a triple-top formation would be complete. 7800 is being tested
>now and I expect it will put up a fight on Monday. If the Dow
>continues down and closes below 7600, a triple top will have formed.
>The S&P has a similar look to it and would complete a triple top
>formation with a close below 900 - after breaking through the 940
>support level.
>
>You can see all of this at http://coolhistory.com/ChipCharts on the
>Market Indices page.
>
>Do _I_ think this will happen? Not before the end of the year.
>Things should rally next week after 5 straight down days, IMHO.
>
>Chip
>Wireless in Seattle via MCOM Ricochet
>
>
>---Rajesh <rajesh@xxxxxxxx> wrote:
>>
>> Hello Guys and Gals,
>>
>> Are we looking at a triple top formation here ? My very simple
>> indicators are still in the SELL mode. Would like your opinion. Next
>> stop 7550? (Fibonacci retracements).
>>
>> Rajesh
>>
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>>
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