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dejgaard

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dejgaard

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Re: None

Tuesday, 01/14/2003 9:15:45 PM

Tuesday, January 14, 2003 9:15:45 PM

Post# of 2238
An optimists antidote to... me...

Weekly 3 year chart of the SP500:
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]wallyyay[df][pa940!c40]&pref=G

Notice a bottom-type reverse head and shoulder formation (not visible on a daily chart) formed in the period from July to now, with a resistance of 940, not far from the 200 DMA resistance

http://stockcharts.com/education/What/ChartAnalysis/headShouldersBottom.html

Another way of saying it:
You can demonstrate either way with charts (at least for now), so as always - it's a lot easier to "predict" when things have already happened...
Or as the Danish humorist R. Storm Petersen said it (around 1920) "It's hard to predict - especially about the future".

KD


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