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plexxus

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plexxus

Re: ajtj99 post# 77034

Tuesday, 04/18/2006 9:02:03 PM

Tuesday, April 18, 2006 9:02:03 PM

Post# of 148479
Hi AJ....congrats on making that necessary adjustment! One thing I think you and I can agree on is that you simply can't fade 60 minute divergences (bullish or bearish) when they lineup on the majority of index charts. Looks like we may get a test of that upper rising resistance line around 2400-2410 after all.

BTW that wouldn't be a cup/handle pattern in the making on the NDX would it??? Interesting how the MACD on the SOX on the recent move below 500 wouldn't budge south. I suspect the SOX is going to head back to that 540-550 area soon.

Looking like a potential breakaway gap on TXN out of this major basing pattern we discussed some time back.

http://stockcharts.com/def/servlet/SC.web?c=txn,uu[w,a]dhcayiay[d20050415,20061231][pb50!b200!f][vc6...

Regards,

Robb

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