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Keene Little : 11/27/2006 12:02:14 AM

Here's a 30-min chart of SPX that matches the one I showed in the weekend Wrap. It shows how the rally could proceed higher starting Monday. But it will need to start pretty much out of the gate since the pattern can't tolerate much more of a pullback. Certainly Friday's low of 1399.25 (cash) must hold otherwise throw this bullish scenario out the window. Link

Keene Little : 11/26/2006 11:01:54 PM

The US dollar is lower again but not as bad as Wednesday's and Friday's spanking. Still, if equities reacted badly in overnight trading before Friday's open I'm wondering if we'll see the same thing happen to equities tonight. I think many are expecting the dollar to get a bounce back up after the light holiday trading last week may have exaggerated its move down.

So far there's not much of a reaction in equities--down slightly. We'll have to see what happens after the European markets open. The dollar, currently trading near 83.45, has made a clean break below the May 2006 low of 83.61 but it will be the close, after full participation by all the traders on Monday, that is important.

Keene Little : 11/26/2006 10:43:53 PM

Monday's pivot tables: Link and Link

Jeff Bailey : 11/26/2006 10:36:44 PM

Current OPEN MM Profiles that I've made and Watch List at this Link

Jeff Bailey : 11/26/2006 10:18:02 PM

Index Pivot Matrix found at this Link

OI Technical Staff : 11/26/2006 9:59:59 PM

The Market Monitor has been archived. You may view it and any previous days here: Link

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