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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (25478)7/14/2000 12:55:38 PM
From: Les H   of 42787
 
I think that's around 4245. The April high connected to the June peak is around 4075. Note also that the Bollinger Band will likely be around 3995 at close of today. The Dow closed above its upper Bollinger Band a couple days ago, pulled back below and is now consolidating. Below is EW chart for NDX with the next fibonacci target:

astroecon.com

Note also Brinker may make announcement on Sunday regarding his mutual fund investors. I have 76 percent sell signals in the 4100 stock database which is close to the 80 percent threshold I look for at significant intermediate tops. The Nasdaq 100 is at 89 percent. I think we could see a quick decline in stocks at any time to be followed by a second peak later in the month or early August especially if we get the guru sell call this weekend. The internets will be interesting to watch as they just finished 5-wave declines this week per Advanced GET Outlooks. They could be the short-term leaders coming out and leading up to the AOL/EBAY/AMZN earnings reports as per normal pattern.
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