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[mss]

POSTED: Aug 5 2007, 03:51 PM
The market could change my thinking tomorrow, but for now this is what I see. A lot of choppy decline, 1421 might hold, but 1370/80 looks in play.
POSTED: Aug 5 2007, 07:57 PM
I'm saying that 1420+/- should/might hold. If it does not then 1375/85 next level of holding.
Yes we will get more bounces as we are in a choppy decline of some sort, not yet defined, time wise nor depth wise.

At one point I said we had a tradable bottom, well at one point we did, but i also said the bottom might be in. So much for that statement.
The chart below says all that needs to be said. You can say; crash, top, bottom, consolidation, or anything else, but till the indicators turn up - it is down. The lines are areas of support. I hope the RED ones hold.



NO HELP HERE



mss