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Posted by ganntrader@aol.com on July 26, 2006, 7:23 pm
(edited from DGL user group update)
Group update - July 26
SOYBEAN MEAL has come up to a high of 175.80 today, hitting the first
potential turning point area. The DGL was at 175.67 today, and we have
a Trade Band short setup as well. The Trade Band entry for next session
is 171.90
NASDAQ - You may recall that in the July 18 update I mentioned the
possibility of a "pop" in the S&P, but that this "pop" would probably
not mark the beginning of a significant uptrend. So following the
suggested DGL strategy spelled out in the Manual, I'm expecting to see
another turn down in the stock indices.
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For info on the DGL user group:
http://dgl.topcities.com or email: ganntrader@aol.com
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