Ask DrBob Message Board - Msg: 14811340

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Strategies & Market Trends : Ask DrBob

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To: the-phoenix who wrote (14207)	11/14/2000 11:07:16 PM
From: NucTrader	of 100058

For those interested: Hahn's view: >>Nasdaq showed a very strong countertrend rally, today. As shown below, a normal 0.618 retracement target exists at 3243. The current fibonacci pattern projects to 2711. The Nasdaq Weekly shows a lower downside target at 2271. It's at these lower targets that Chairman Greenspan will act to ease the liquidity crisis. He would do that to protect the financial institutions that are “too big to fail”. << He thinks remainder of this week choppy or sideways, with a capitulation day early next week , which will represent great buying opportunity with rally to late December probable.

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