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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject4/18/2001 12:16:46 PM
From: Mickey Mouse Operation  Read Replies (1) of 37746
 
From the Nas high on Jan 31 to the Low on April 4, a 50% to 61.8% retracement would land that Nasdaq between 2250 and 2400 which is coincidentally exactly where there is a huge resistance on the chart caused by lows at the end of December. Looks like we are set up pretty good to hit that range during the typical second half of April seasonal spike.
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