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To: MNJohnnie

Just got this in an email from a financial newsletter:

The markets have been a bit stronger than we expected here, but note that the Dow's all-time intraday high on 1/14/00 was 11,908.50 before it closed at 11,722.98. So, although we have broken above the all-time closing high, we have yet to head into new territory. So, the real resistance is at 11,908.50 and we are less than 1% away from that target.


72 posted on 10/04/2006 11:55:51 AM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: RobFromGa
The markets have been a bit stronger than we expected here, but note that the Dow's all-time intraday high on 1/14/00 was 11,908.50

I don't think this is factually correct. The previous non-closing high was 11,750.28 on 1/14/2000.
82 posted on 10/04/2006 12:05:31 PM PDT by Signalman
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To: RobFromGa
So, the real resistance is at 11,908.50

What would cause significant supply at that price?

84 posted on 10/04/2006 12:08:04 PM PDT by Protagoras (Billy only tried to kill Bin Laden, he actually succeeded with Ron Brown and Vince Foster.)
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To: RobFromGa

That is a an apples to oranges comparison the "Analysis" suddenly discovered to talk about. The Dow Jones Average is a different measurment then the highest price number they suddenly want to talk about in their "news" letters.


90 posted on 10/04/2006 12:14:27 PM PDT by MNJohnnie (Say Leftists. How many Nazis did killing Nazis in WW2 create? or Samurai? or Fascists?)
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