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Strategies & Market Trends : Sharck Soup
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To: jchaulk who wrote (9328)2/9/2001 10:50:28 AM
From: velociraptor_  Read Replies (1) of 37746
 
JChaulk...I see 2450 more likely as that is where the previous long term down trend from last July passes. I have noted this on my site as a potential bounce point. Stochastics on the Naz are headed deep into oversold territory, so I would guess that regardless of where the low ends up today, Monday will likely see an uptrend. If by chance we break below 2450, the Nazdaq is in deep trouble and we could be seeing new lows.
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