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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	6/19/2001 7:48:55 AM
From: helius	of 37746

Tuesday Oracle rally Monday Tiger Wood & oversold bounce lasted to 2046 before fizzling. Tuesday strong gap up open on Oracle results and subsequent upgrades by ML & SSB . Just the kind of headline required to to cause a bounce. H&S tops maximum rally to Nasdaq 2100 , Dow 10864 , s&p 1242-1248. But more realistic resistance is 2067-2077 for Nasdaq , 10783 for Dow. It it breaks above , bulls will have something to rejoice after 7 consecutive days of decline , forst since Dec '98. When the downleg starts again 10590 , when broken will lead to 10444-10300 and Nasdaq when 2010 breaks again will lead to 1961-1868 region. eufinancial.com

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