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Re: Market Technician post# 356

Monday, 08/18/2008 12:26:09 AM

Monday, August 18, 2008 12:26:09 AM

Post# of 405
$UTIL

"One big break we're all waiting for, of course, is the $UTIL, whose plunge will correspond to higher interest rates and a stronger dollar. We're right on the cusp. A push above the $477 zone would put this pattern into some doubt, whereas a drop beneath $458 would start the fire. This is, I say again, one of the cleanest, finest patterns I have ever witnessed as a chartist."

--Tim Knight






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