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Technology Stocks : INTEL TRADER
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To: Gersh Avery who wrote (6832)9/22/1999 1:27:00 PM
From: MonsieurGonzo  Read Replies (1) of 11051
 
Gersh:" NDX-100 "

>I had laid out a trap line x/5 .. 1@2480 .. 79 .. 78 .. 76 .. 75

What would be your upside target ?

I think you'll find the NDX stubborn, Gersh - more weakness in the broader market than the Tech Sector, which looks more like "distribution" rather than "decay".

The apparent support is a horizontal line at NDX 2460 +/-5.

technically, there should be some resistance around the middle of yesterday's candlestick, ~2505.

then... ~2535

fib upside near-target is computed to be 2562.37 fwiw.

-Steve
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