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Strategies & Market Trends : Classic TA Workplace

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To: J_K who wrote (29446)	1/29/2002 9:55:14 AM
From: John Madarasz	of 209892

Onischka expects significant gains over the next trading days that should bring the NDX to 1620. He sees two scenarios: this is a scenario i've been looking at also since last Monday a week ago, i see the possibility for a little higher target...1650 or so... One scenario... An apx 61.8 - 76.4% retrace in time and price on an NDX 60 minute from early Dec. would die right at the top line of Desc. Tri from the early Dec. highs, put in a lower high, be the fifth turn in the tri and be an extraordinary spot for the I/T fade into the FOMC on the 30th. I think this turn...if it gets that far, will lead to the 3rd test and cracking of NDX 1550 - 57... and falling out of said Desc. Tri. Message 16939762 Best, John M.

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