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CORE FUTURES 101 First Avenue, Sand Point, Idaho (March 25, 2002) STOCK INDICES: Stocks failed to continue higher as the DJI diverged from the rest of the indices. This did in fact turn out to be a double top in the S&P, as was suggested as a possibility. As long as we hold above 10150 on the Cash DJ and the Cash S&P above 112400 we could still make another attempt at the highs. We would not view weakness as a buying opportunity at these levels but only buy strength. We are forming a small triangle on the intraday chart and could make a new low to retest the one in place from last week as triangles are normally continuation patterns.
Key levels
SPM 113700 & 118200
J. Mark Kinoff www.corefutures.com email: kinoff@corefutures.com
NDM 1450 & 1540
DJM 10320 & 10500
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