Thursday, June 02, 2005

UNDERBELLY

The underside of the broken lower uptrend line has been reached, from the NOV lows

If in next 2 days a decline has not resumed, chopping higher for maybe even 2 more weeks possible.

Coming under 10,506 and SPX 1197 would be initial signal a top of some kind may be in. (EWT)

D
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