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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (1398)2/28/2001 11:39:17 AM
From: donald sew   of 52237
 
Paul,

Im hearing all over from the media/analysts/SI/J6P that 2000-2050 on the NAZ is the bottom, which corresponds to the 1850 on the NDX, and they are close enough. With so many in agreement, Im getting a bit nervous from a contrarian position.

I still do expect a bounce at 2000-2050 NAZ/1850 NDX, but now Im wondering if that bounce may just be another small one, prior to another selling period leading to another LOWER LOW. From a contrarian position with so many agreeing on the 2000/1850(NAZ/NDX) levels, I would not be surprised that the bottom of PHASE 2 may be lower than 2000-2050 NAZ/1850 NDX.
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