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Non-Tech : Raptor's Den

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To: Cynic 2005 who wrote (7839)2/13/2003 10:18:43 AM
From: GrillSgt   of 10157
 
Only a few mins and gotta hop but I have a few thoughts..

A down day today confirms the cycle ended the other day and that would put us in day 4 today of a new down cycle. An upside day today could end the last cycle yesterday. So far I don't see that unless we get a burst of buying later. Therefore I would think we are in another down cycle and today should finish down.

ES Trading below 817 is bearish and should hit the gap target at 806 area. Trading back above 823 keeps the bears at bay for a run to 827 and 832.

NQ 951 area is line in sand. Below here and the bears try for the kill. Could see more choppiness between 951 and 966.
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