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March 17, 2006
The S&P MidCap Index Tests Resistance
The current consolidation (755-785) is just a bigger version of the prior consolidation (black oval). In December, the index broke through 750 on the third try and moved above 780. This is the third try to break above 785 and a successful breakout would target a move above 800.
Posted by Arthur B. Hill at March 17, 2006 07:06 AM