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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	6/26/2001 6:50:39 AM
From: helius	Read Replies (1) of 37746

Bears to win Nasdaq 2025 fight We are short from 2200, 2182 (covered at 2058 and shorted again at 2074 & 2060). Target 1790 by 20th July but we do not insist on that yet. We do insist on 1610 retest with no time frame yet. Week-end collected views said 1973 will be taken out on intra-day basis before Tuesday close. Monday we said 2060 is peak with 2079 stop-loss(Naz went upto 2060.06). Tuesday faces pressure on 2025 support with possibilitity of 1988/73 on the downside and 2045/67 if 2025 support manages to hold. With AMCC warning , CapGemini warning & 2700 job cuts , International Papers 3000 job cuts , Fed 0.5% futures rising to 56% on Monday from 40% on Tuesday did not help bulls either. In 10 dma downtrending channel 2025 breach seems more likely.Dow res at 10563/621/640 , support at 10493/444/300. eufinancial.com

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