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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,102.34
(
-0.22%
)
Post# of 23155
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d0lphint0m

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d0lphint0m

Re: Omnitrader post# 3392

Thursday, 08/09/2007 6:41:47 PM

Thursday, August 09, 2007 6:41:47 PM

Post# of 23155
It looks to me that the DJIA is forming a possible head and shoulders formation. If I am right in this assumption then the right shoulder could form between 13150 and 13500 over the next few trading sessions. Good place to trade as long as you don't get caught being long if the neckline breaks.
Also the S+P 500 closed on the 200 day moving average after having broken it a few times. I'd watch the S+P 500 for a precursor to what may possibly happen with the DJIA.
Tom
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