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Monday November 7th, 2005

by Mike Paulenoff www.MPTrader.com
Equity prices are hanging in there, consolidating at high levels, perhaps deriving some staying power from the decline in crude oil prices, which have made new reaction lows today at $58.60, which happens to be BELOW the 200 DMA ($58.94)... If crude prices sustain, then we should expect additional pressure into the $56 support area next...

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