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Monday, August 27, 2007 8:05:14 AM
$NAMO has been positive and looks to be at a near-term top with the close on friday at 40.95. VXO looks like it wants to bounce off 20. NDX, hitting major rez at the 50ma. It looks tough and most likely won't crack it on the 1st try. But if it goes above the 50ma it looks like the inverse H+S pattern may play out to 2100.
SPX Line in the sand is also on the 50ma at 1495.
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