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Strategies & Market Trends : Classic TA Workplace

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To: CharlieChina who wrote (202)	4/28/2001 10:00:56 AM
From: CharlieChina	Read Replies (1) of 209892

Follow-up to: Message 15686078 Now that April 27, 2001 is complete. I once again see a failed C and a downward direction to 1625 quickly and then 1250 sometime in May, 2001 on the NASDAQ. I doubt very much the Dow has anything left maybe 50+ on Monday which would fully complete a massive extension wave. Huge, resistance around 10900 and 11000. I see the Dow Jones and the NASDAQ beginning its decline sometime Monday or Tuesday( May 1). The monthly chart, I doubt will allow for a positive month of May 2001. In closing, I really think we may see a panic sell-off this time, its possible, once the Dow Jones trades under 9950. I have been wrong in the past.

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