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LG

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LG

Re: John M post# 185

Monday, 08/27/2001 10:25:00 PM

Monday, August 27, 2001 10:25:00 PM

Post# of 2121
John M: From your post you're betting the 5/22 Falling Wedge fails. A rally back up to the 50% retrace area of the 4/4-5/22 rally would put the price action back in the area of the resistance line of the falling wedge. We could see one more turn at the line, but I rather doubt it. If the wedge is going to fail, it will likely do it at current levels. We shall see...

Regards,
LG


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