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Originally Posted by coolhand

Monday's action certainly had a bullish feel to it. But can it continue? Let's look at the charts.




Price on the S&P closed in an area of resistance. There is more resistance above, but how stiff I cannot say. Price on the DWCPF poked above the 50 dma, but closed under it once more. As long as price has been under that key average, getting above it may not be an easy task for the bulls. But we're about

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Stocks were mixed on Friday but a bit of a disappointment after the strong start to the day. The Dow gained 124-points, but it peaked right at the opening bell when it was up more than 200 points higher. The Russell 2000 small cap index was up, as was the S-fund, and the I-fund was given a nice gain, but most of the other indices were down on the day after some decent early gains. Bonds and the dollar were up.

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