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Msg  1126 of 1132  at  11/11/2007 8:02:22 PM  by

2cents


 In response to msg 1125 by  
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Re: 2c....about your site

click on comments and type in you thoughts and check "other" or "anonymous" to post....

The H&S was from Oct22 to Nov7 with the neckline at 700 and the head was on OCT31 at 720 a span of 20 OEX pts. the completion was on Nov9 at OEX 680 a drop of expected 20 pts.

Shorts should have been activated on Nov7 when it failed to close above 706.

Therefore, this is one of the reason why an expectation of bouncing back up to the neckline next week. The forecast is up till Nov16. This is assuming no big subprime problems again. But we are still in downtrend.

2c


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