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jon_e_og

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jon_e_og

Re: LMRI T/A post# 855

Friday, 07/01/2005 1:23:08 AM

Friday, July 01, 2005 1:23:08 AM

Post# of 918
correct, a big descending wedge from end of May forming with trendline support ~ 1.2020 as well as an intraday wedge with support ~ 1.2080 that just broke down , under that I see shorterm support ~ 1.2045 ... right now the pair looks like it has a downward bias but the 1.20 figure and above should have a strong bid...
to the upside 1.2120 looks like a pivot, strong resistance and would confirm a break of the wedge if traded thru...

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