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Strategies & Market Trends : Sharck Soup
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To: JRI who wrote (25362)5/30/2001 9:29:06 AM
From: velociraptor_  Read Replies (1) of 37746
 
JRI....there is no apparant support between 2170 and 2060, however, that does not mean that support may not form somewhere in between. 2162 was the 62% retrace, and actually, one can also use a 78.6% retrace as well which would put the index at 2117. 2060 does look like a target after wave 4 and 5 are complete however.

Don't take everything I say in an analysis as 100% concrete. It's basically a snapshot of what the highest probability moves appear to be based on chart and indicator info, but that doesn't mean something may not change. While I may be fairly accurate a good part of the time, there are always the unexpected surprises and missed details. No one can predict the market 100% of the time.
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