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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	12/31/2006 7:13:55 AM
	Read Replies (2) of 6865

Official Nazdaq 2007 prediction high of 2900 stockcharts.com the chart above and the analysis wieght heavyly on the congestion center theroy. they usually appear and they usually are in the center of the trend some where close. Elliott count has the right look and feel for the chart that I have above. Although I feel the Nazdaq has a shot at 2900 I think by the end of the year is finishes flat to slightly down As the rally should be coming to an end sometime in 2007. How much damage is done depends on when it starts, I have projected a May June top, but it could as easily be Sept Oct. It it tops In the Fall the Nasdaq could finish positive for the years. 2008 may be the year of the bear if this rally continues into the fall of the year. So there you have it, I expect a split year. 1/2 bull 1/2 bear and trending the whole way, should be a traders dream come true as I dont expect side ways trading.

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