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TECHNICAL ANALYSIS  |  October 21, 2004
Dow Donuts Or Donoughts
Traders, technicians, and even fundamentalists are all well versed in the theory of round numbers as support and resistance levels. The 10,000 level in the Dow Jones Industrial Average has acted as a magnet this year with prices reticent to stray too far from that level -- this time might be different.Traders, technicians, and even fundamentalists are all well versed in the theory of round numbers as support and resistance levels. The 10,000 level in the Dow Jones Industrial Average has acted as a magnet this year with prices reticent to stray too far from that level -- this time might be different.
by Chris Manuell

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